Paulson Said to Rename Recovery Fund as U.S. Rebound Ages
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A maturing U.S. economic recovery is prompting Paulson & Co. to change course.
The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan. 1, after concluding that the five-year-old U.S. recovery has matured, two people briefed on the matter said.