John Paulson’s Advantage Plus hedge fund loses 6.9% in June
|July 12th, 2010||
|Paulson & Co.’s Advantage Plus hedge fund logged a 6.9% loss for the month of June, bringing its YTD performance down to -8.8%. According to Business Week>I, the unapologetically bullish John. Paulson expected his Advantage Plus fund to benefit from improved performance in financial stocks, such as Bank of America (NYSE: BAC) and Citigroup (NYSE: C). |
The month of June was also unkind to Mr. Paulson’s Advantage Fund (4.4% loss) and Recovery Fund (12% loss). Mr. Paulson’s Gold Fund formed a bright spot for the firm, posting a 7.3% rise during June.
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