After Cleaning-Up Shorting Financials, Paulson Looks For Long Opportunites

July 23, 2008 11:27 AM EDT

According to reports from Bloomberg, John Paulson, the hedge fund manager who made an estimated $3.7 billion betting against the U.S. housing market, is now planning to provide capital to down-and-out financial firms.

The report said Paulson & Co could open the fund as early as December.

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