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….
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