Hedge Funds

Dear Paulson Investors

Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, posted a 13 percent decline last month in his gold fund as bullion and mining stocks fell, a person briefed on the returns said today. The loss leaves the $1.2 billion fund, which can buy derivatives and other gold- related investments, down 23 percent this year. Paulson & Co., which manages about $24 billion, posted losses during May in its Advantage funds, Recovery Fund and Partners Enhanced fund. Paulson’s Credit Opportunities Fund rose 0.9 percent last month and 5.3 percent in 2012. [Bloomberg]

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12 Responses to “Dear Paulson Investors”

  1. The Truth says:

    GLD was down .24% through 5/31. GDX was down 14.9% through 5/31. Paulson gold fund down 23% through 5/31.

    We're gonna need a new greek letter to describe his performance

  2. VonSloneker says:

    Oh please let the euro blow up so I can just stack CDS and look smart again…this is hard.

    – JP

  3. Arthur Dunlop says:

    Where are the clients' $49m ranches?

  4. Guest says:

    I never understood why you'd pay someone else to do nothing but buy you gold.

  5. Guest says:

    reverse alchemy

  6. Harmony House says:

    Keep your head up, John, we've all been there

    -Lou Bega
    -Tal Bachman
    -The Baja Men

  7. Phil Abbate says:

    John why d'ont you buy CVR Energy ? Free cash flow is up 39.5 % over the last 6 years !

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