Hedge Funds

John Paulson Is Up

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]

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8 Responses to “John Paulson Is Up”

  1. DontbesoHedgy says:

    Still, he did better than Tilson

  2. Embarrassed says:

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

  3. guasto says:

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

  4. CDO-Guy says:

    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!

  5. Guest says:

    Shazar, stop stacking your posts.

  6. sohbet says:

    officers to investigate Blackstone's fishy financial transactions, but they wound up giving them