Paulson HF lost 10% this past week

http://blogs.barrons.com/focusonfun...hedge-funds-lose-10-in-past-week/?mod=BOLBlog

 

All it shows is that he's running 100% allocation to equities. Yawn.

 

I think Paulson said in one of his recent newletters how he reduced his net long exposure to 60% sometime in May/June after the Sino-Forrest disaster.

It appears nobody explained to him a low level of market exposure doesn't shield him from getting killed in a sharp downside move if his longs have market betas of >2 and his shorts of <1

 

I know he sold most of his BOA shares back when it was 10-11

 

buffet is being served on a buffet

 

so he outperformed the markets this week by 3.2%