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John Paulson's Hedge Funds Post Big Gains in July

The New York-based hedge fund firm has reversed losses in its main funds, many of which are now above their high-water marks.

John Paulson's hedge funds posted strong gains in July, sending more than 75 percent of capital managed by his New York-based firm Paulson & Co. back to its fund-level high-water marks. At least three of Paulson's funds were up 6 percent or more in July alone, according to a letter

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