Who needs John Paulson? Not Paolo Pellegrini.
Canned by JP for his bad attitude, this Italian Stallion knows that living well is the best revenge. And so far, Pellegrini's PSQR Management is living very well, up almost 65% this year.
But the return reported in the October monthly is a good deal lower than it was in the quarterly report. Indeed, the fund is now up less year-to-date than it was in January according to the quarterly, although the fund didn't plummet last month.
23258501 PSQR Investor Report September 2009