According to a mid-year presentation from Paulson & Co, John Paulson’s funds are still making money from defaulted securitiespurchased years ago. Paulson Credit Opportunities Fund is up 6.6% through May and is one of the firm’s best performing hedge funds this the year. The credit fund returned 23% in 2013. Strategy-wise credit makes up for Paulson & Co.’s second largest allocation. With $6 billion in the credit strategy, the Credit Opportunities Fund is fully invested, according to a letter to investors obtained by ValueWalk. Along with Paul Singer and Seth Klarman, John Paulson has steadily profited from liquidations of Lehman Brothers’ debt. Paulson…
Paulson Credit Fund Gains From Lehman, Rescap And Dex Media
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.