The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 1 min ago
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.