âWe are disappointed and apologize,â the Paulson Funds said in a letter to investors obtained by CNBC. Paulsonâs funds stumbled significantly this year. The Paulson Advantage fund was down 32.57 percent for the year. The Advantage Fund Plus, a leveraged version of the Advantage fund, was down 45.35 percent. That represents a slight recovery from an earlier reported decline of 47 during the first nine months of the year.
One terrible year. But he's had many many good years. Even before 2008, he had made a lot of money for investors (and himself).
Don't get mad at Paulson because he happen to find basically an arbitrage opportunity that you wouldn't be able to find in a million years
Paulson's funds take a nearly 50% clipping while the bulk of his wealth was/is in bullion. ---------------------------- Smart fucking move but fucked up for his investors.
I do not feel bad for the ignorant investors who gave him money. If he does not have skin in the game and has his money invested in the fund he is pushing that should raise red flags. Look at how buffet investors did over the long term. Warren stuck his net wealth into the partnership and those who joined him did well.