Monday, March 11, 2013

Grim News: Look Who Was an Absolute bust in ’12

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….

Read all about it at

No comments:

Post a Comment