Jan
10
One of John Paulson’s Hedge Funds Crashed 70% Over the Last Four Years
By-
Billionaire’s other arbitrage fund is said to drop 42%
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Paulson & Co.’s assets under management falls to $9 billion
One of John Paulson’s hedge funds has plunged about 70 percent over the past four years, marking a dire stretch for the billionaire plagued with investor redemptions.
The Paulson Partners Enhanced fund, which uses borrowed money to double down on its trades, sank 35 percent last year and about 49 percent in 2016, according to a person familiar with the matter. That caps a four-year money-losing run for the fund, which follows a merger arbitrage strategy on which Paulson founded his firm…
One of John Paulson’s Hedge Funds Crashed 70% Over the Last Four Years
