Paulson, Investors Avoid Fireworks Despite Brutal Run

John Paulson, founder and president of Paulson and Co. Photograph by Andrew Harrer/Bloomberg

On Tuesday afternoon, hedge fund manager John Paulson got on the phone with anxious financial advisers from Bank of America’s wealth management unit and their clients, with the aim of calming frazzled nerves. In the end, though, the call raised more questions than it answered.

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