Economic Times – Shire’s value plunged more than 20 per cent on Wednesday from around $49 billion to $39 billion, potentially wiping around $500 million from the value of Paulson’s stake and $270 million off Elliott Management’s stake, according to Reuters calculations.
Credit Suisse Prime Services data show that hedge funds’ most popular long positions fell 8.6 per cent during the first nine days of October, compared with a 5 per cent drop for the S&P 500.
