John Paulson’s Recovery Fund up 9%: Top Holdings HIG, MGM

  We’ve obtained John Paulson’s latest letter to investors detailing some of the positions in his funds and his outlook on future return. The Paulson Recovery Fund is a fund involved in long positions that looks to take advantage of a recovering economic environment to catch returns. The fund has had a rocky existence and reportedly lost almost 28% of its value in 2011. In the first half of 2012 the fund is finally giving returns. It returned 9.24% as of the 30th of March. We examine some of the stocks that make up the recovery fund and Paulson’s outlook…