Paulson & Company’s flagship fund has dropped 21.6% year-to-date (YTD), Financial Times reports. The Paulson Advantage Plus fund fell 4.6% in July, while the Paulson Advantage Fund, which follows the same strategy but without leverage, shrank 15% YTD.
Assets in the two funds dropped to less than $16 billion from $19 billion in March. The hedge fund firm, which has about $35 billion under management, saw a loss of over $500 million in its flagship funds.
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