John Paulson Got Crushed In June, Fund Is Down 8.8% This Year

John Paulson

Paulson’s bullish views on housing and the economy are killing him.

The Paulson Advantage Plus Fund is down 8.8% for the year so far.

Hedge funds across the board are getting slammed this year, but Paulson’s reputation is staked on making money when others can’t so, ouch.

Two investors told Reuters that the slip is because the fund was supposed to profit from a spike in share prices (mostly in financials, where Paulson is heavily invested) but didn’t.

Check out all of the hedge funders who got killed investing in financials >

See what Paulson was invested in during 1Q that got him there >

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.