The John Paulson Watch

John Paulson rose to prominence in 2007 when his hedge fund was up 164% on his now famous short on the US housing market.  He followed up with a 38% gain in 2008.  In 2010, a great fourth quarter gave Paulson a positive year.  His returns were 17%, 11%, 24%, 20% and 35% for his Advantage Plus, Advantage, Recovery, Credit and Gold funds.  The average return for investors was 7.1%, after paying out fees.  Paulson's funds were down at the end of September before rallying for above average returns by year end.   The articles are from the New York Times and Reuters.