John Paulson is having not so good time this year. Investor who poured money into his hedge funds may be having second thoughts. Isn’t sad that crisis like 2007 to 2008 can only happen infrequently?
This was published in FT.com earlier today:
Read the complete article: http://www.ft.com/cms/s/0/60f3f6c6-bb33-11df-b3f4-00144feab49a.html (Registration is required but it is free).
To see Paulson's long positions, click: http://www.gurufocus.com/ListGuru.php?GuruName=John+Paulson
This was published in FT.com earlier today:
Paulson & Co, the world’s third-largest hedge fund manager, has seen another painful month thanks to growing fears over the health of the US economy.
The firm’s $9bn Advantage Plus fund, which aims to profit from trading corporate events, lost 4.26 per cent in August, according to an investor, wiping out gains made in July. The fund, Paulson & Co’s largest, is down 11 per cent so far this year.
Last month proved worse for the $3bn Paulson & Co Recovery fund, however, which was launched in 2008 to profit from a rebound in the US housing market and economy.
The Recovery fund lost 9.13 per cent in August, erasing a 6.5 per cent gain in July and compounding a 12.6 per cent second-quarter loss. Its performance has been flat to date this year.
Paulson & Co moved in July to scale back the risk across all of its funds after a particularly vicious May and June, which had seen the firm clock some of its worst ever monthly returns.
Read the complete article: http://www.ft.com/cms/s/0/60f3f6c6-bb33-11df-b3f4-00144feab49a.html (Registration is required but it is free).
To see Paulson's long positions, click: http://www.gurufocus.com/ListGuru.php?GuruName=John+Paulson
