RPT-INSIGHT-John Paulson’s returns falter again; investors fret

Thursday, June 28 2012

According to Reuters’ Svea Herbst-Bayliss, billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for his closely watched hedge fund.

The founder and manager of Paulson & Co, who made his fortune and fame by betting against the subprime mortgage market, went so far as to tell investors in January that last year’s big losses, including a 50 percent decline in his popular Advantage Plus fund, were an “aberration.”

But as the months tick on, many investors are still waiting to see the dramatic turnaround Paulson has vowed to deliver.

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