Editor’s note: This headline was edited from the original article which said that Citi borrowed $410 instead of redeeming it.
Economic Times – The blows keep coming for hedge fund manager John Paulson, with Citi Private Bank deciding it will withdraw $410 million from his Paulson & Co hedge fund, according to people familiar with the decision.
Citi will redeem from the flagship Advantage portfolios, which have recorded double-digit losses so far this year, as well as the Merger and Recovery funds, which have made gains in 2012.
