Paulson & Co’s flagship Advantage Plus Fund posts 21.6% loss

August 8th, 2011
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John Paulson’s hedge fund manager Paulson & Co.’s flagship Advantage Plus fund has been one of the most publicly scrutinized hedge funds in the industry in the past few months, and has continued its poor performance with a 4.6% loss in the month of July. According to the Financial Time, the Advantage Plus hedge fund is down 21.6% through July, while the Paulson Advantage fund is down 15% through the same period.

The two hedge funds follow a similar strategy, though the Paulson Advantage Plus fund incorporates leverage. Although Paulson & Co.’s Merger Arbitrage Fund and Gold Fund are up 2.4% and 14.7% respectively, the high-profile losses in the flagship fund have been big blows to John Paulson’s reputation. Paulson’s bets on Sino-Forest, the Chinese logging company, and American financial institutions such as Bank of America and Citigroup, have all gone south, contributing to the fund’s massive losses.
For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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