Halcyon Asset Management’s distressed credit fund is whipping John Paulson This Year

August 14th, 2010
| More
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:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Resources and Featured Partner News

More Recent Headlines

Och-Ziff Spread Lehman Rumors?

TPG-Axon and Montrica merger reunite Goldman veterans Singh and Metcalf

Falcone’s Harbinger Capital sees rapid slump in July

Och-Ziff Capital’s Daniel Och remains confident

Shareholder Activist Update: Nelson Peltz’s Trian snatches up Family Dollar Stores shares

Morgan Stanley to Spin-Off FrontPoint Partners

Himalaya Capital’s Li Lu emerges as possible Warren Buffett successor

Is a New Global Authority for Integrated Reporting the Solution for CSR?

Martin Currie Launching Hedge Funds Open to Retail Investors

SEC Uncovers Accountants’ Pipeline Ponzi Scheme