TORONTO—Canadian retail investors will have to wait to access the trading expertise of well-known hedge-fund manager Paulson & Co.
The planned initial public offering of Propel Multi-Strategy Fund, created to give investors exposure to two funds for which Paulson is the trading adviser, was delayed after the U.S. Securities and Exchange Commission filed civil fraud charges against Goldman Sachs Group Inc. in connection with the sale of securities that involved Paulson & Co., according to people familiar with the decision. The charges were announced Friday.
It wasn't immediately clear if or when the IPO would be resurrected. Officials at Propel ...
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