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

August 14th, 2010
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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.

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For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin; Mike Barr; 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


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