Gains in Greek banks' shares gave billionaire investor John Paulson's $3.2 billion Recovery Funds a lift during the first quarter, and future returns are expected to keep climbing as the housing and real estate markets continue to recover.
The Recovery Fund LP gained 5.58 percent in the first three months of 2014, thanks in part to strong returns on Greece's Alpha Bank and Piraeus Bank, Paulson told investors in his latest funds update, which was seen by Reuters.
Tuesday, May 20, 2014
Wednesday, May 14, 2014
John Paulson increases stake in Mallinckrodt
John Paulson’s Paulson & Co increased its stakes in Mallinckrodt PLC (MNK) by 13%, spending more than $57 million in stock.
Between May 7 and May 9, 2014 the fund acquired 786,207 ordinary shares, at prices ranging from $72.91 per share to $76.99, and now owns more than 6.72 million shares –up from 5.94 million held previously.
Between May 7 and May 9, 2014 the fund acquired 786,207 ordinary shares, at prices ranging from $72.91 per share to $76.99, and now owns more than 6.72 million shares –up from 5.94 million held previously.
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