Paulson Funds Down Double-Digits As '12 Nears End

Dec 4 2012 | 2:33pm ET

Investors waiting for Paulson & Co. to bounce back from its awful 2011 are likely going to have to wait until 2013, at least.

The firm's Advantage Plus Fund, which lost 53% last year, is down a further 19% this year through October. It's Advantage Fund, which is less levered than its counterpart, is down 13% this year, after falling 36% last year, CNBC reports.

Those putrid performances have earned both funds spots on HSBC's 10 worst list; Advantage Plus is the second-worst performer tracked by the bank this year, besting only Conquest Capital Group's Macro Fund, which is down 27% through November.

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