Paulson Main Fund Rose 2.4% in October as All Strategies Climbed
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John Paulson, the billionaire manager having the worst year of his career, rebounded 2.4 percent in his main hedge fund in October and gained in all his strategies, according to a client update obtained by Bloomberg News.
Paulson’s main fund, the Advantage Plus Fund, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, reduced its year-to-date loss to 44 percent. The gold share class advanced 3.3 percent last month and declined 27 percent this year.