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Paulson May Open New Retail Fund
Posted: 07/25/10
By: tomgrisafi
Paulson & Company, the hedge fund linked to civil fraud charges against Goldman Sachs, will begin a new fund that will be open to retail investors, The Financial Times reported.
The fund will be introduced later this year in conjunction with Deutsche Bank, the newspaper said, citing people familiar with the move.
The fund will track the firm’s existing investment strategies, The Financial Times said, adding that it will be domiciled onshore in Europe and use the Ucits structure.
Paulson & Company, run by John A. Paulson, the veteran hedge fund manager, is the latest hedge fund to launch a retail fund, as the industry continues to seek ways to tap new capital.
Funds that have already jumped on the retail bandwagon include Highbridge Capital Management and AQR Capital Management.
Source: New York Times
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Guest
Posted: 08/02/10
Well good move by Paulson after GS settles everything is looking to the bright side why not open a new fund.