Bloomberg: Paulson Main Fund Rose 2.4% in October
Paulson, 55, posted positive returns in all of his funds in October as stocks rallied. The Standard & Poor’s 500 Index of large U.S. companies jumped 11 percent last month on higher- than-estimated earnings and optimism that European leaders would take steps to contain the region’s debt crisis.
Paulson & Co., which is based in New York and manages $30 billion, has been betting on an economic recovery by the end of 2012 and lost money this year on investments including Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC) and Sino-Forest Corp. (TRE).
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