Deals
Paulson’s Hedge Funds Said to Advance in May on Stock Rally
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Most of billionaire John Paulson’s hedge funds rose in May as stocks climbed to records and bets on mergers and credit paid off, according to a person briefed on the returns.
The Paulson Partners Enhanced fund, a merger-arbitrage strategy that uses leverage to amplify gains, rose 1.9 percent last month and 4.8 percent year to date, said the person, who asked not to be identified because the information is private. The Credit Opportunities fund gained 1 percent in May and is up 7.4 percent this year.