Saturday, 30 May 2015
Last updated 15 hours ago
Jan 5 2009 | 11:07am ET
Paolo Pellegrini, who helped Paulson & Co earn about $15 billion in 2007 betting against subprime mortgages, resigned from the firm last week.
Pellegrini, who along with John Paulson was the co-portfolio manager of the two Paulson Credit Opportunities funds, is expected to start his own hedge fund, the Wall Street Journal reports.
The departure was amicable, according to the Journal, which cited people familiar with the departure.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…