John Paulson's Fund Crashes 10-11% In Just 8 Days

john paulson

Photo: Japan Society

John Paulson’s Advantage funds have lost 10-11% in August, according to CNBC.Paulson’s flagship hedge fund might see some serious redemptions now, as this means the Advantage Plus fund is down ~32-33% this year. UPDATE: Now it’s down 34% YTD.

CNBC saw data early this morning that says John Paulson’s Advantage and Advantage Plus funds are down between 10 and 11% since the start of August, according to a person briefed on the performance data.

This is on top of the Advantage fund’s 22% loss as of the end of July, when the fund was down 4.63% for the month.

UPDATE: CNBC’s Kate Kelly said on Wednesday that Paulson’s Advantage fund is down 21% YTD as of Friday, and his Advantage Plus fund is down 31% YTD as of Friday. 

We heard rumours of this yesterday, but weren’t sure that Paulson was among the managers.

We pray most of his investors are in the gold-denominated Advantage funds.

Click here to see which hedge fund managers are actually doing well during the crash >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.