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Shares in HBOS plunge 14% as short-seller is revealed

New York hedge fund manager John Paulson emerged as the only investor to retain a short position in the shares of HBOS since last week�s clampdown.

New York hedge fund manager John Paulson yesterday emerged as the only investor to retain a short position in the shares of HBOS since last week's clampdown on bets against banking stocks.