Oct
14
Paulson Hedge Funds Said to Drop in September as Stocks Fell
By-
Firm’s merger fund slumps, erasing most of its 2015 gain
-
Paulson Advantage event-driven fund now down 12% this year
So much for a rebound at billionaire John Paulson’s hedge fund firm.
Paulson & Co.’s main merger fund, the firm’s largest strategy, fell 6 percent in September, cutting its 2015 gain to 0.6 percent, said a person briefed on the matter. Paulson’s Advantage hedge fund, which makes bets on companies undergoing events such as bankruptcies and spinoffs, lost 8.5 percent, leaving it down 12 percent this year, said the person, who asked not to be named because the information isn’t public.
Armel Leslie, a spokesman for New York-based Paulson with Peppercomm, declined to comment on the performance…
Paulson Hedge Funds Said to Drop in September as Stocks Fell
