• 06 Dec 2013 at 6:09 PM

Christmas Come Early For John Paulson

Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in November, in part from an investment in Extended Stay America Inc., according to two people familiar with the matter. Paulson’s event-driven Advantage fund surged 13 percent in November and 30 percent this year, said the people, who asked not to be identified because the information is private…Paulson Partners Enhanced Fund, the leveraged version of the firm’s merger-arbitrage strategy, gained 2.3 percent in November and 28 percent this year, the people said. Paulson Partners increased 1.2 percent last month and 16 percent year-to-date. The Recovery Fund, which seeks to benefit from growth in the economy, is the firm’s best-performing strategy in 2013. The fund rose 6.5 percent in November, bringing returns since the start of the year to 55 percent, according to the people. The Paulson Credit Opportunities Fund increased 3.2 percent last month, bringing returns for 2013 to 20 percent, the people said. Paulson’s Advantage Plus fund, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage, rose 6 percent in November and 28 percent this year, according to the people. [Bloomberg]

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  1. Posted by Wonderer | December 6, 2013 at 7:06 PM

    Is "Christmas Come" anything like eggnog?

  2. Posted by Dude | December 7, 2013 at 11:48 AM

    Brilliant Paulson. He's matched the S&P 500. This guy is a joke

  3. Posted by Guest | December 8, 2013 at 4:29 PM

    "Performance for the much smaller Paulson PFR Gold fund, which was down 63% for the year through the end of October, wasn’t listed in the November report."

  4. Posted by gty78 | December 9, 2013 at 10:23 AM

    if he squints really hard he can see the highwater mark from here