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Paulson reports new Citi stake
 
  Hedgeweb - SAT, NOV 14 2009
Funds & Investment Hedge fund Paulson & Co. took a stake in Citigroup while cutting holdings in Bank of America and its interest in Goldman Sachs according to a regulatory filing on Friday.

Billionaire John Paulson, whose firm Paulson & Co bet against financial companies and the housing market before the credit crisis, also dissolved his stakes in Petro-Canada, Humana Inc., State Street Corp and AT&T Inc, according to a filing with the U.S. Securities & Exchange Commission.

Besides Bank of America, Paulson cut his stake in JPMorgan Chase & Co by 5 million shares.

 
 
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