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,…
Paulson’s Advantage Fund Up Nearly 30 Percent Despite Gold Losses
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.