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Paulson Funds Keep Soaring Despite Turmoil
October 1, 2008
It’s not quite the triple-digit returns he earned last year, but John Paulson will settle for double-digit gains in this annus horribilis for hedge funds.
Paulson & Co.’s $9 billion Advantage Plus fund is up 19.44% this year, a tidy follow-up to last year’s 158.75% return, according to Financial News. The firm’s Advantage Fund is up 13.22%, its Credit Opportunities Fund is up 12.46% (it rose 589.62% last year), its Enhanced Fund is up 8.17% and its International Fund is up 5.17%.
Paulson, which was recently revealed as one of the largest short-sellers of British financial stocks, has become one of the largest hedge fund firms in the world thanks to its run of success, and now manages some $35 billion.
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