{"id":329959,"date":"2010-02-17T00:51:00","date_gmt":"2010-02-17T05:51:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/paulson-and-icahn-jump-into-financial-stocks-2010-2"},"modified":"2010-02-17T00:51:00","modified_gmt":"2010-02-17T05:51:00","slug":"hedge-fund-superstars-herding-into-too-big-too-fail-financial-stocks","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/329959","title":{"rendered":"Hedge Fund Superstars Herding Into Too Big Too Fail Financial Stocks"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/3637544b0756ca49f9f0d300\/johnpaulson-glasses-tbi.jpg\" border=\"0\" alt=\"johnpaulson glasses tbi\" \/><\/p>\n<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>Financial stocks are attracting massive interest from big name fund managers such as John Paulson, Carl Icahn, George Soros, and Eddie Lampert.<\/p>\n<p>&#8216;Too big to fail&#8217; banks seem particularly attractive these days&#8230;<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/idUSTRE61G01620100217\">Reuters:<\/a><\/p>\n<p style=\"padding-left: 30px;\">In the fourth quarter alone Paulson bought more than 200 million shares in Citi, raising his stake to $1.67 billion from $954 million, or about 8 percent of the fund&#8217;s total value.<\/p>\n<p style=\"padding-left: 30px;\">Large stakes in Citi and Bank of America account for about 11 percent of almost $20 billion Paulson reported.<\/p>\n<p style=\"padding-left: 30px;\">In the quarter, Paulson&#8217;s New York-based firm made fresh bets or raised existing ones on a number of financial firms, from JPMorgan Chase to Marshall &amp; Isley, headquartered in Milwaukee.<\/p>\n<p style=\"padding-left: 30px;\">&#8230;<\/p>\n<p style=\"padding-left: 30px;\">Billionaire hedge fund manager George Soros also bought almost 95 million shares of Citigroup during the quarter, worth $313 million at year-end. Soros had reported no holdings in the troubled bank at the end of Q3.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.reuters.com\/article\/idUSTRE61G01620100217\">Continue reading about other managers at Reuters &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/paulson-and-icahn-jump-into-financial-stocks-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/paulson-dumps-a-25-billion-stake-in-wyeth-pharmaceuticals-2010-2\">Hedge Fund King John Paulson Buys Into XTO Energy And Wells Fargo<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/carl-ichan-offers-to-buy-132-million-of-lions-gate-shares-2010-2\">Carl Icahn Wants To Buy Up To 13.2 Million Of Lion&#8217;s Gate Shares<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/icahn-selling-off-yahoo-shares-2010-2\">Activist Investor Carl Icahn Gives Up On Yahoo, Selling Down His Massive Stake<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/oRhcQtRk-Ng\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial stocks are attracting massive interest from big name fund managers such as John Paulson, Carl Icahn, George Soros, and Eddie Lampert. &#8216;Too big to fail&#8217; banks seem particularly attractive these days&#8230; Reuters: In the fourth quarter alone Paulson bought more than 200 million shares in Citi, raising his stake to $1.67 billion from $954 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329959","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=329959"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329959\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}