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Hedge Funds

Paulson's Big Win and Calamitous Loss

When John Paulson wagered against the housing market in 2007, his hedge funds burgeoned by about $22 billion in investments and returns. In 2011, he bet big on a strong economic recovery, and those assets fell by $13.4 billion. Here is how the performance of one of his largest funds compared with other major hedge funds in both years.

Data: Bloomberg/AR Magazine
King is a Bloomberg Businessweek contributor.

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