Paulson's Big Win and Calamitous Loss

Data: Bloomberg/AR Magazine

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.