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John Paulson Pushes Investors Out of Some Hedge Funds

(Bloomberg) Billionaire John Paulson, whose hedge fund’s assets have plunged, is opening the door for more money to leave.Paulson’s namesake firm, once one of the biggest in the industry, will return money to investors in some funds including the Credit Opportunities, said people familiar with the matter. Investors in that credit fund can transfer their capital to a separate pool or they’ll be forced to redeem. The firm also continues to cut staff, this week letting go of some senior traders and partners.

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