Paulson & Co, the world’s third-largest hedge fund manager, has seen another painful month thanks to growing fears over the health of the US economy.
The firm’s $9bn Advantage Plus fund, which aims to profit from trading corporate events, lost 4.26 per cent in August, according to an investor, wiping out gains made in July. The fund, Paulson & Co’s largest, is down 11 per cent so far this year.
Last month proved worse for the $3bn Paulson & Co Recovery fund, however, which was launched in 2008 to profit from a rebound in the US housing market and economy.
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