John Paulson Just Dumped All His Sino-Forest After Taking A Gigantic Bath

John Paulson

John Paulson, the billionaire hedge fund manager, has sold all his shares of Sino-Forest, the Chinese timber company whose shares have collapsed in the wake of fraud allegations, according to Bloomberg.

Paulson had a huge holding that has scorched his returns for June — he’s reportedly down 13% this month alone (also in part due to wrongway bets on financials).

Originally, Paulson defended the stock in the wake of allegations from short-selling research firm Muddy Waters, but the negatives keep piling up.

This weekend a Canadian newspaper basically corroborated the claims made by Muddy Waters.

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