Saturday, 22 October 2016
Last updated 21 hours ago
Jan 7 2011 | 9:08am ET
December was good to a lot of investors—but it was really good to John Paulson.
A stellar final month of 2010 propelled Paulson & Co. to its third-straight year of double-digit returns since posting triple-digit returns in 2007. The Standard & Poor's 500 Index soared 6.7% last month and the average hedge fund rose 1.7%, but Paulson's funds returned between 6.8% and 14% on the month.
Paulson's flagship Advantage Plus Fund had been down as much as 11% as recently as August. But the final third of 2010, punctuated by a 13% jump in December, left the fund up 17% on the year, well ahead of Paulson's hedge fund peers.
Paulson's Advantage Fund was up 9% on the month and 11% on the year, Reuters reports, while its Credit Opportunities Fund added 6.8% to finish the year up 20%. The firm's Recovery Fund soared 14% last month and ended 2010 up 24%, a figure overshadowed by Paulson's gold fund, which returned 35%.