Paulson Funds Add To Double-Digit Returns In Oct.

Nov 7 2013 | 12:30pm ET

Paulson & Co.'s main hedge funds added to their big 2013 returns in October.

None of the firm's funds bested the Standard & Poor's 500 Index in October, but they are among the rare hedge funds this year whose performance stands up to—or, in one impressive case, exceeds—that benchmark.

Paulson's Recovery Fund added 4% last month, bringing its year-to-date return to 45%. The firm's Advantage Plus Fund rose 2.9% and is up 21% on the year, while its less highly-levered Advantage Fund added 2% to hit 15% for 2013.

The $18 billion firm's Credit Opportunities Fund returned 1.8% in October and is up 17% on the year, while its Partners Enhanced Fund inched up 0.3% to reach 25% for the year, Bloomberg News reports.

Paulson reports the performance of its dedicated gold fund separately.


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