Hedge Fund News From HedgeCo.Net

Hedge fund Paulson & Co Trims Stake in Valeant

(Reuters) Valeant Pharmaceuticals International Inc investor John Paulson trimmed his stake in the Canadian drugmaker but said he remains fully supportive of the company’s leadership. New York-based hedge fund Paulson & Co cut its stake to 6 percent from 6.3 percent, reported in June, due to rebalancing of its portfolios based on asset flows.

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