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Paulson’s Hedge Funds Said to Fall in July as Stocks Slumped

John Paulson, whose namesake hedge-fund firm oversees $22.8 billion, posted losses in his main strategies last month as stocks fell and concern grew that credit markets will deteriorate.

The firm’s Paulson Partners, which bets on companies involved in takeovers, fell 1.3 percent, pulled down by positions in health care and telecommunications sectors, according to a person familiar with the matter. That pared yearly gains to 5.1 percent. Its Credit Opportunities fund declined 1.4 percent on losses in convertible bonds and post-reorganization equities, cutting gains in 2014 to 7.5 percent, said the person, who asked not to be identified because the information is private.