John Paulson Is Up

By Jon Shazar

For the year beginning Dec. 1. Otherwise, things are not so good.

John Paulson, the hedge-fund manager overseeing $19 billion, pared losses in his Advantage Plus fund by gaining 4.5 percent last month, according to a person with knowledge of the returns.

The performance left the fund down 19 percent in 2012, said the person, who asked not to be identified because the information is private. The fund lost money last year on bets that the European sovereign-debt crisis would worsen and that gold stocks would rise. Advantage Plus seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns.

Advantage was down 14% last year. Gold lost 25%.

Paulson Enhanced rose 18% in 2012, Credit Opportunities 9.1% and Recovery 3.9%.

Paulson Said to Pare Advantage Plus 2012 Loss Last Month [Bloomberg]

Comments (6)

  1. 1
    Posted by DontbesoHedgy | January 8, 2013 at 6:31 PM

    Still, he did better than Tilson

  2. 2
    Posted by Embarrassed | January 8, 2013 at 8:40 PM

    Paulson is a fraud. 30 billion worth of investors "fooled by randomness." Better to be lucky than good.

  3. 3
    Posted by TitsWilson | January 8, 2013 at 8:43 PM

    Yea?!?!? And the sun rose again today.

  4. 4
    Posted by guasto | January 9, 2013 at 4:46 AM

    in other news… first line, pretty good. first blood, shatman.

  5. 5
    Posted by CDO-Guy | January 9, 2013 at 11:14 AM

    And let's not forget that he's been added as a name in the suit being brought by ACA for Abacus! The gift that keeps on giving!

  6. 6
    Posted by Guest | January 10, 2013 at 4:37 PM

    Shazar, stop stacking your posts.