John Paulson's Event Fund Got Annihilated This Year

John Paulson’s event-driven fund has fallen 27% this year, Bloomberg News’Kelly Bit reports, citing two unnamed sources familiar with the fund’s performance.

The event-driven fund — which focuses on takeovers, spinoffs, or bankruptcies — fell 3.1% in November, according to the Bloomberg report.

Paulson became famous for his 2007 bet against subprime. It was called the greatest trade ever.

Things aren’t looking so bright this year, though.

Paulson, who currently manages about $US19 billion in assets, saw three of his funds make HSBC’s worst-performing funds list for 2014.

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