The air may be coming out of the John Paulson bubble faster than even we predicted this morning.
Absolute Return + Alpha reports that his fund was socked with $2 billion in redemptions, bringing his AUM to just over $30 billion at the end of June. This is still huge, but between weak performance and lingering concerns over ABACUS/Goldman, it’s not surprising that investors are wondering if there’s much advantage to having their money with him.
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