John Paulson is still getting crushed.
Now in the Advantage Plus fund is down nearly 22% for the year – 21.6%, according to Reuters.
Returns are much better for those investors who put their money in Paulson’s gold-denominated Advantage Plus fund, because gold has performed so well recently. It’s only down 2% this year.
May or may not be related: big macro hedge funders avoided the debt ceiling rather than play the obvious.