John Paulson has told investors he's more bearish in his main portfolio after admitting to being "too aggressive" earlier in the year, according to Reuters.
The hedge fund manager also told investors he's shorting the euro to hedge against the European crisis.
Paulson's flagship Advantage fund is down considerably this year, due in large part to a bad bet on Chinese plantation operator Sino-Forest, which resulted in steep losses for the firm.
The stock nosedived in the wake of a report by short-seller Carson Block, who compared the company to the Madoff Ponzi scheme…...
Interested? Read more about this at http://www.reuters.com/article/2011/07/21/us-hedgefunds-paulson-idUSTRE76K5MQ20110721
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