Citigroup's $500M Paulson Hedge Fund Pullout

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Aug. 23 (Bloomberg) -- Bloomberg's Julie Hyman reports that Citigroup Inc.’s private bank is pulling about $500 million from Paulson & Co., the hedge fund run by billionaire John Paulson seeking to reverse record losses in 2011, according to two people familiar with the matter. She speaks on Bloomberg Television's "Money Moves."

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