As you may or may not have heard, the last 18 months have not been the best of times for John Alfred Paulson. His Advantage Plus fund was down fifty percent last year, he got screwed big time by a bunch of fake trees, his proclamation that 2011′s losses were but an “aberration” has not exactly been helped by the fact that AP was down 10 percent through May 2012, Morgan Stanley’s prime brokerage put Paulson and Co. on a list of firms it warns clients not to invest with, some investors ” have expressed their growing unease,” and others have called it quits. But! JP can take solace in knowing that at least one Limited Partner, and probably more, are so not over him.

New Mexico, which stuck by Paulson through last year’s growing losses, pulled its $40 million investment in the first quarter. “From time to time, I do check on John Paulson to see whether we did the right thing,” said Joelle Mevi, the state’s chief investment officer. “And I see that we did.”

No word on whether or not New Mexico downs two bottles of wine and then logs onto Facebook to stalk Paulson’s page and mutter “skank” under her breath when she sees JP with more attractive LPs but it seems prett-ay obvious.

John Paulson’s Returns Falter Again; Investors Fret [Reuters]

86 comments (hidden to protect delicate sensibilities)
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Comments (86)

  1. Posted by Sean | June 28, 2012 at 2:33 PM

    There's a NEW Mexico?

  2. Posted by Alt_EST | June 28, 2012 at 2:37 PM

    You know what? I'm over it. I'm doing great, I've moved on…[soft weeping]…I've gotten a whole bunch of new clients. I got a black client.

    -J. Paulson

  3. Posted by CoveredLong | June 28, 2012 at 2:42 PM

    So you went from New Mexico to Ron Mexico?

  4. Posted by N.M. | June 28, 2012 at 2:43 PM

    I wish I knew how to quit you….

  5. Posted by Guest | June 28, 2012 at 2:45 PM

    Classic Bess!

  6. Posted by PointBreakFan | June 28, 2012 at 2:46 PM

    Love can touch us one time, and last for a lifetime and never let go till we're gone.

  7. Posted by Bess Fan | June 28, 2012 at 2:55 PM

    Bess, You give us GOLD! Thank you. BTW, no pun intended on the whole gold fund paulson thing.

  8. Posted by leeminbrahs | June 28, 2012 at 2:57 PM

    How do you expect me to perform as well as I did in the 70s?

    –J. Paulson a.k.a (Fonzie doppelganger)

  9. Posted by Fred | June 28, 2012 at 3:08 PM

    Ninth!

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    The capital of New Mexico is New Mexico City.

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  11. Posted by Guest | June 28, 2012 at 3:20 PM

    It could be worse, sister. Seen my ex lately?

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  12. Posted by Guest | June 28, 2012 at 3:24 PM

    AKA LightSquared 25% shareholder?

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    You didn't have to stoop so low. Now you're just an LP that I used to know.

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    Could we do that?

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    Hey I just invested in you, and this is crazy, you already lost half of my money, but still my best investment so far, baby.

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    Where did you get that overnight bag?

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    [youtube zMQ2Aam7bDk http://www.youtube.com/watch?v=zMQ2Aam7bDk youtube]