Deals
Paulson Made More Than $1 Billion on Citigroup Stake
This article is for subscribers only.
Paulson & Co., the $35.9 billion hedge fund run by John Paulson, told clients that it made more than $1 billion on its Citigroup Inc. investment in the past 18 months.
Citigroup, which surged 43 percent last year, was the fund’s most profitable bank holding last year, Paulson said in a letter to clients this month.