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November 18, 2008

John Paulson, one of five prominent US hedge fund managers grilled by Congress last week, made a £6.3m

John Paulson, one of five prominent US hedge fund managers grilled by Congress last week, made a £6.3m (€7.5m) paper profit on his short stake in Barclays in just two hours this morning as the bank's share price fell 4% by 10:30 GMT.

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