Investors pulled $2.2 billion from Paulson in 2010
By Britt Erica Tunick
Fri Jan 28, 2011
The redemptions have affected marketing plans for the Advantage fund.
Despite generating profits of more than $8.6 billion in
2010, John Paulson's Paulson & Co. was hit with redemptions
of at least $2.2 billion at the end of last year, leaving the
Paulson Advantage Fund open new capital.As of January 1,
Paulson managed $36 billion, according to a letter to investors
sent this week. That's up $4 billion from the $32 billion in
assets the firm had at the start of 2010, despite generating
profits of $8.6 billion, including fees, in 2010. Investors
said the redemptions are indicative of the fact that a growing
number of Paulson's investors have become uncomfortable
ISSN: 2151-1845 / CDC10004H
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