Paulson Said to Blame Bet Against Europe for Most of Loss

John Paulson, manager of $20 billion in hedge funds, told investors that the bulk of his losses this year came on bets that the European sovereign-debt crisis would worsen, according to a person familiar with the matter. Paulson, speaking to clients at his firm’s annual meeting yesterday in New …

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Paulson Said to Blame Bet Against Europe for Most of Loss

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