Wow, You Won't Believe How Low John Paulson's Redemption Requests Were

We all know John Paulson has had a crappy year with his flagship fund down 28% YTD through September, but it looks like his investors are still sticking with him.

As of Friday, Paulson received a total of $1.5 billion in redemption requests, according to a report from Institutional Investor’s Stephan Taub who spoke with a source close to the situation.

Those redemption requests are only 5% of the fund’s total AUM of $30 billion, according to Institutional Investor.  Paulson’s AUM is up from $27 billion because of stronger performance in the October market rally, the report said.

The deadline for Paulson’s investors to issue redemption requests was yesterday.  So unless there was a last-minute influx in requests, it looks like Paulson is better off than initially expected. (The worst case scenario was believed to be 25%)

What’s more is only 10% of his hedge fund’s clients redeemed their money from Paulson’s $15 billion Credit Opportunity and Recovery funds at the end of September.

SEE: What Are The Psychological Effects Of Blowing Up Like John Paulson?

SEE ALSO: Big Redemption Requests Hit Fairholme As Investors Pull 30% From Manager Bruce Berkowitz >>

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