John Paulson, one of the best hedge fund managers in the US, has done an about-face since his very bearish position on the stock market last year. First it was the reflation trade, now it is full blown bullishness. In a presentation earlier this week, John Paulson, president of Paulson & Co., Inc., a New York-based hedge fund said he still finds the equity markets very compelling and currently has no short positions in the credit markets:
“Today our net long exposure is perhaps the highest it has ever been in our portfolio. We still find a lot of compelling long investments on the equity side.”
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