Banking, finance, and taxes
Paulson Takes Huge Stake In Citigoup, Dumps Goldman
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John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that Paulson & Co. had bought up many key financial and banking stocks. Paulson & Co. Inc. is out with a 13-F filing after the close showing he is still in many key financial stocks.
The famed hedge fund manager took a massive stake in Citigroup and sold his entire interest in Goldman Sachs
We had also noted back in October how Conseco, Inc. (NYSE: CNO) had scored a Paulson investment.
Goldman Sachs Group Inc. (NYSE: GS) was NOT in the new filing compared to the August filing where he listed 2,000,000 shares of common stock in the August filing. State Street Corp. (NYSE: STT) was NOT in the filing versus a stake of 700,000 shares of common stock in August.
JON C. OGG
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