Paulson & Co, the US hedge fund, has won a US court battle with the Government of Singapore Investment Corp over control of a group of luxury hotels that brings it closer to making potential windfall profits.
The Singapore sovereign wealth fund has been trying to wrest control of the hotels – originally part of the holdings of troubled Morgan Stanley real estate funds – from a group led by affiliates of Paulson & Co since early this year. Full story
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In Real Estate Battle, Paulson Beats Singapore SWF Over Control of Luxury Hotels - aiCIO
