According to the media reports, the private bank is redeeming from Paulson’s Advantage Fund and Advantage Plus Fund.
Further, it has also been reported that Citigroup will pull from the Merger and Recovery Funds.
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Paulson hedge fund, run by billionaire John Paulson, had lost 18% till July 2012 in its Advantage Plus strategy.
Moreover, the fund had also posted a loss of 51% in 2011.
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