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Three-And-A-Half Feet Of Snow, Frigid Temperatures Can’t Cool Off John Paulson

Last month was good to JP.
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Like the rest of us here in snow-weary New York, John Paulson no doubt looked out his window yesterday and dreamed of sunnier climes. Puerto Rico comes to mind. But unlike (most of) the rest of us, he’s got more than a little spring in his step. Because his can’t-miss plan to make sure his double-digit returns this year needn’t be printed in red is working like a goddamned charm so far.

His merger funds, which account for about half of the firm’s assets, advanced for the second straight month, rising 3 percent in one version and 6.5 percent in a fund that uses leverage to boost gains, according to a person familiar with the matter. The increases pushed returns to 4.2 percent and 9.3 percent, respectively, for the year….

The firm’s credit fund climbed 2.1 percent in February because of positions in energy, post-reorganization stocks, and holdings of defaulted securities, the person said, bringing gains for the year to 3 percent. The Advantage fund, which makes bets around corporate events, gained 1.5 percent.

The Paulson Special Situations Fund, formerly called the Paulson Recovery Fund, rebounded from January losses caused by its exposure to Greece. The fund rose 7.3 percent last month, according to the person, cutting its loss this year to 2.6 percent.

Paulson Said to Gain Last Month With Health Care, Energy [Bloomberg]


John Paulson Is Up

For the year beginning Dec. 1. Otherwise, things are not so good.

John Paulson's Merger Fund Had A Nice Little Quarter

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Last month was kind to John Paulson

Whatever Doesn't Kill John Paulson Makes Him Stronger

At this point, the hedge fund manager could bench press a dozen Bloomberg terminals.

All John Paulson Does Is Win

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 this is nothing short of a rebirth! Today is the first day of the rest of his life!