Citigroup Bails on Paulson, Compounding a Tough Year.

The article focuses on Paulson & Co. Inc. hedge funds worth 410 million dollars to be given to Citigroup Inc.'s private banking arm. The founder of the company John A. Paulson collected four billion dollars against the subprime mortgage bubble five years back. In 2011, his Advantage Plus fund lost more than half its value which worsened to 18 percent through the end of July 2012.