Navigating the Hedge Fund Maze – September 2009
The focus on financials, which began in August, only continued in September. Hedge fund honcho Paul Tudor Jones bet that Goldman Sachs and Morgan Stanley were wrong when they suggested that an economic recovery maybe starting, reported Bloomberg.
But while one hedge fund king advertised his bearish bets, John Paulson let it be know that he was betting on financial recovery. TheStreet.com reported that this summer Paulson held $3.5 billion worth of long positions on banks, some of which were slammed by the credit crunch. He also has also bought a 2 percent stake in Citigroup.
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