Citigroup's $500M Paulson Hedge Fund Pullout

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."

Aviance Capital CIO Bertelsen Likes Home Builders
42:54 - Aviance Capital Management President and CIO Chris Bertelsen discusses why he likes home builders and talks about his investment strategies. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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