Paulson punt
By Emiliya Mychasuk and Emiko Terazono
Published: October 2 2008 03:00 Last updated: October 2 2008 03:00
Stellar returns in his bets against big banks leave John Paulson 's hedge funds way ahead, but did Paulson & Co cover short positions on HBOS as the discount to the offer from Lloyds TSB narrows? As of September 30 - its latest filing - Paulson seemed to be betting on the deal not happening, in spite of the best efforts of Gordon Brown. It had a short position of 0.95 per cent on HBOS and 1.67 per cent on Lloyds TSB.
http://www.ft.com/cms/s/0/cc9594b0-901b-11dd-9890-0000779fd18c.html
06/10/2008
John Paulson still short on UK banks.
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