It’s summertime, and the living’s not easy for John Paulson.
His giant hedge fund, Paulson & Company, continues to feel the heat from poor performance. The firm’s most well-known portfolios, the Advantage and Advantage Plus, are down 15 percent and 21.6 percent, respectively, through the end of July, according to two of his investors.
Assets in the two funds have slumped to about $16 billion, down from $19 billion in March. The firm, over all, manages about $35 billion.
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