Sunday, 24 July 2016
Last updated 1 day ago
Oct 8 2013 | 12:53pm ET
Paulson & Co.'s resurgence continued last month, with all of the New York-based firm's major funds adding to their double-digit returns for 2013.
Paulson's $2.2 billion Recovery Fund once again led the way, rising 4.2% in September to hit 39% on the year. The firm's merger-arbitrage fund, Paulson Partners, added 2.9% and is up 14% on the year, and the more highly-levered Partners Enhanced Fund rose 2.6% and is up 25% on the year.
Even Paulson's once-battled Advantage funds have joined the surge: The Advantage Fund rose 1.2% in September and is up 12% on the year, and the levered Advantage Plus fund rose 1.3% and is up 16% on the year. Both of those funds suffered double-digit losses during the financial crisis.