John Paulson is the worst paid hedge fund manager in 2011. Investors and journalists are rejoicing his 52% loss in his Advantage Plus fund. It really sucks to be an investor in the Paulson’s Advantage Plus fund if you handed him your money at the beginning of this year. However, if you handed him your money at the beginning of 2007, you are still up 142% after fees. Here are the returns for Paulson’s Advantage Plus Fund over the past 5 years:
Notice that Paulson’s Advantage Plus Fund returned 38% in 2008 when an averaga equity hedge fund lost close to 20%.