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.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...