Halcyon Asset Management’s distressed credit fund is whipping John Paulson This Year
|August 14th, 2010||
|Contributed by: Teri Buhl|
|Halcyon Asset Management’s distressed credit fund is out-earning funds with similar investment strategies, such as John Paulson’s Credit Opportunity Fund, by twice as much.|
According to investors in the fund, 55-year-old Joe Wolnick’s Halcyon Asset Backed Value funds is up 13 percent year to date. These same investors say their investments in Paulson’s Credit Opportunity Fund are only up 6.5 percent. Hedgefund.net and HSBC’s distressed securities index report the average return for the sector is between 6 to 7 percent this year.
For the complete article, please click here.
For Detailed Investor Profiles on these Investors, click below: