Paulson Triples Stakes in Endo, Akorn as Other Hedge Funds Sell


Paulson & Co., the firm led by billionaire John Paulson, tripled its stakes in Endo International Plc and Akorn Inc. in the first quarter, sticking to big-name health-care wagers even as many other hedge funds ran the opposite way. The firm increased its stake in Endo by 6.22 million shares, bringing the value of its holding to $268 million as of March 31, according to a filing Monday with the U.S. Securities and Exchange Commission.



from Biotech News