Paulson’s Hedge Fund Acquires 1.1 Million Goldman Sachs Shares
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John Paulson, the hedge-fund manager who became a billionaire by betting against U.S. mortgage markets, bought 1.1 million shares of Goldman Sachs Group Inc. in the second quarter.
Paulson’s stake in the New York-based bank, which settled a fraud lawsuit with U.S. regulators in July, was valued at $144.4 million at the end of the quarter, according to a filing yesterday with the U.S. Securities and Exchange Commission. In April, regulators alleged Goldman Sachs failed to disclose the role his firm, Paulson & Co., played in designing and betting against a mortgage security sold to other investors.