Bloomberg – Paulson & Co., the hedge fund run by John Paulson, trimmed positions in Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. in the third quarter as regulatory changes and disputes over faulty mortgages threatened to hurt bank profits.
Paulson, whose New York-based hedge fund has $33 billion in assets, sold 30 million Bank of America shares in the quarter, or about 18 percent of his stake, according to a regulatory filing yesterday.
