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Paulson gains as 'Mooch' rotates to stocks

His funds benefit from an injection of US$490m from SkyBridge's main fund of funds

MR SCARAMUCCI His company has been moving cash from income-producing hedge funds to event-driven funds that bet on stocks. - PHOTO: BLOOMBERG

New York

HEDGE-FUND manager John Paulson is one of the biggest beneficiaries of a great rotation from bonds to stocks at the firm led by Anthony "the Mooch" Scaramucci.

Mr Scaramucci's SkyBridge Capital II LLC, a New York-based adviser that allocates client capital to outside money...

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