Thursday, December 22, 2011

Hedge Fund Mangers Still Get Rich Even If Their Clients Take a Bath

Seeking Alpha 3:06 PM John Paulson's Advantage Plus Fund is down another 9% in December, claims a Reuters source, bringing its YTD losses to 52%. Paulson's Advantage Fund, meanwhile, is said to be down 36% YTD, and his gold fund 7%. Hedge Fund Research estimates the average hedge fund lost 4.37% from January-November.