The Independent – John Paulson, the hedge fund manager who made billions betting against the risky mortgages that bankrupted Lehman Brothers, is set to reap another small fortune from his investments in the defunct bank’s debt.
Paulson & Co, Mr Paulson’s fund, bought up more than $7bn (£4.3bn) of Lehman’s bonds after the bank’s collapse in September 2008 at deep discounts to their face value.
