John Paulson: January Genius

Last month was kind to John Paulson
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The wily old fox’s plan to put an ugly 2014 behind him by focusing on the one strategy that at least didn’t lose money last year is working. So far. For most of his funds.

Paulson & Co.’s Paulson Partners fund rose 1.1 percent last month, with a leveraged version rising 2.6 percent, said one of the people, who asked not to be identified because the results are private. The New York-based firm’s credit strategy rose 0.8 percent and the Advantage Plus fund was up 1.6 percent, said two separate people.

The Paulson Special Situations Fund, which had about $1.1 billion at the start of the year, declined 9.3 percent in January, in part because of investments in Greece.

Paulson Hedge Funds Mostly Rise in January After ’14 Losses [Bloomberg]

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