John Paulson Returns Money From Gold, Special Situations Funds
- One credit fund is said to also give back investor capital
- Pure Spread and European event fund will keep outside money
Paulson's Push to Return Capital and Continue to Cut Staff
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John Paulson’s gold and special situations hedge funds are among those returning client capital as the firm narrows its focus after shedding almost $30 billion in assets.
One of the firm’s Credit Opportunities funds is also forcing clients to redeem, according to people familiar with the matter. A second credit fund will remain open, and investors can move their money into that offering. Investors can also switch into the merger-focused Pure Spread fund and the European Event Equities fund. A representative for the firm declined to comment.