Deals
John Paulson’s Merger Arbitrage Fund Plunged at the Start of the Year
- Partners Enhanced fund is said to plunge 23% this year
- Pure Spread and European Event Equities funds saw gains
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Billionaire John Paulson can trace his loss of assets and senior executives to a familiar refrain: poor performance.
Paulson is now re-focusing his firm on his founding strategy -- merger arbitrage -- despite some disastrous returns in recent years. The Paulson Partners Enhanced fund, which uses borrowed money to double down, sunk 23 percent in the first two months of 2018, according to a person familiar with the matter, after plunging about 70 percent over the past four years.