08/08/2012
Advantage Plus fund from John Paulson down 18% since the beginning of the year
The hedge fund manager John Paulson, who finished 2011 with record losses, has seen further losses of 2% in July from the Advantage Plus fund, according to the Bloomberg news agency, which has obtained a copy of the monthly report sent to investors in advance. Since the beginning of the year, the fund would then have lost 18%. The Gold Fund from Paulson, for its part, gained 0.2% in July, and now shows losses of 23% since the beginning of the year. However, merger arbitrage funds, credit and recovery, which represent more than 60% of USD21bn in assets under management by the firm, have gained value since the beginning of the year, Paulson points out in his report.
