John Paulson Has Earned Himself Another Celebratory Photo Shoot

Hedge fund manager John Paulson, known for huge gains followed by heavy losses in some of his funds, extended his portfolios' winning streak in September, leaving all of them with double-digit gains for the year, a person familiar with the numbers said on Monday...Paulson told investors that his Recovery Fund gained 4.2 percent in September and is up 37.8 percent for the year, while the Paulson Enhanced fund gained 3.1 percent and is up 25.6 percent for the year, the source said. Even his Advantage Funds, the firm's biggest before suffering heavy losses in 2011 and 2012, were up: The Advantage Fund gained 0.9 percent to be up 11 percent for the year, while the Advantage Plus Fund gained 1.2 percent and is up 15.8 percent. [Reuters]