Starting today! Every day before it (not including 2007-2009) shall never be spoken of again! Don't even entertain the thought of uttering '2010-2012,' in his presence or otherwise! Don't say it, don't even think it! Someone run out and get some holy water because we are witnessing a rebirth! Today is the first day of the rest of his life!
Mr. Paulson's long-troubled Advantage funds have positive returns for the year through March. The Advantage fund was up 2.9% for the year off a 5.6% gain in March, and the Advantage Plus fund was up 3.6% for the year including a 7.6% gain last month. The funds were among the worst-performing funds last year and in 2011, when the Advantage Plus fund lost roughly half its value...Paulson & Co. generated gains from 97% of its capital, the letter said. Its Recovery funds were up 14.2% through March based on gains in insurance investments, in part, and the Credit funds were up 10.4% for the year, with gains in preferred- and convertible-debt portfolios.
The gold fund is still down 27.9% for the year but details.