John Paulson is officially last year’s biggest loser. Paulson’s hedge fund firm fell six places to 14th in Absolute Return’s Billion Dollar Club semi-annual ranking of the top hedge funds, being released today. The list includes funds in the US, Canada and Brazil.
As of Jan. 1, New York City-based Paulson & Co. had $17.66 billion under management — less than half the $36 billion it ran at its peak two years ago, when it ranked third. The firm shed $4.8 billion last year, the greatest amount of any of the 269 funds surveyed. The loss came largely from redemptions, as the funds gained an average of 1 percent….