San Francisco Chronicle – John Paulson said he will hire a specialist in Hong Kong for his $37 billion Paulson & Co. hedge fund after losses tied to Sino-Forest Corp., according to two people briefed on the matter.
Sino-Forest, the Chinese forestry company accused by a short-seller of overstating timberland holdings, accounted for 2.5 percentage points of the 11 percent decline in the firm’s biggest fund in June, Paulson, 55, said on a conference call with investors yesterday, according to the people.
