Paulson Funds Surge In March

Apr 7 2010 | 11:03am ET

Paulson & Co. saw strong returns from almost all of its hedge funds last month as the equities and credit markets soared.

The $32 billion firm’s flagship Advantage fund rose 1.74% last month, and its more highly-levered Advantage Plus fund jumped 2.58%, MarketWatch reports. But both paled in comparison to the firm’s Recovery fund, which returned 13.24% on the month, and its Enhanced fund, which added 8%.

The strong returns came as some are beginning to question whether the firm has become too large. Unlike other top hedge funds, Paulson has not closed its funds to new investment and is continuing to take in more cash.

Despite the good March, Paulson is off to a slow start this year. The Advantage fund is up only 1.37% through the first quarter, and the Advantage Plus fund is up only 0.8%.

Its smaller funds are doing considerably better. The Recovery fund is up 17.19% on the year, the Enhanced fund 9.11%, and its Credit Opportunities Fund 7.33% after a 3.53% March rise.


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