According to Reuters the star fund manager John Paulson still sees compelling investments in stocks and holds no short positions in the credit markets.
“Today our net long exposure is perhaps the highest it has ever been in our portfolio,” Paulson said during a luncheon presentation at the Japan Society.
“We still find a lot of compelling long investments on the equity side,” he said, citing specifically Bank of America (BAC), U.S. cable-television giant Comcast Corp (CMCSA), and Germany’s HeidelbergCement AG.
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