John Paulson wasn't the only big investor to suffer a big hit because of the Sino-Forest mess, according to BusinessInsider.
The $30.8 billion flagship fund of Christopher Davis, the founder and head of Davis Funds, is also bleeding as a result of the decimation of the Chinese stock, Bloomberg reported.
Paulson owned 34.7 million shares as of April 29. Davis owned 30.9 million shares as of the same date So, if Davis held on at least as long as Paulson -- who told investors that losses may reach $750 million on the bad bet -- that makes him the second biggest loser on Sino-Forest, with potential losses of hundreds of millions…
There’s more. Find it at:
http://www.businessinsider.com/another-victim-of-the-sino-forest-disaster-christopher-davis-john-paulson-carson-block-2011-6
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