Puerto Rico Could Be The Caribbean Singapore: Paulson

Hedge fund manager John Paulson said that he believes Puerto Rico is set to become the Singapore of the Caribbean at the 2014 Puerto Rico Investment Summit earlier today and that he is actively looking for more real estate opportunities as the beleaguered island turns itself around, reports Katherine Burton at Bloomberg. Paulson & Co already has $1 billion in commitments in Puerto Rico over the next two years, a significant investment even for such a large hedge fund.

Paulson steadily building his Puerto Rico portfolio

Anyone who follows Paulson’s investments already knew that he was confident that the island...