Paulson's Advantage Fund Up Nearly 30 Percent Despite Gold Losses

John Paulson’s Advantage Fund, with $4.6 billion under management and the widest mandate among all its funds to invest in long or short event driven strategies, was up nearly 30% in 2013, the second best year in its ten year history, according to an investor letter reviewed by ValueWalk. Two of the big winners in Paulson’s portfolio were companies in post reorganization and telecom, while his biggest loser was gold, attributing to nearly 15 percent inside the portfolio. John Paulson: Expected telecom consolidation In regards to Telecom, Paulson had identified this as a sector for consolidation.  “As wireless growth slowed,…