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John Paulson’s Hedge Funds Said to Rally in February

Bloomberg – Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in February as bets on gold, mergers and credit paid off.

Paulson & Co.’s event-driven Advantage Plus fund jumped 9.8 percent during the month and is up 13 percent this year, according to two people familiar with the matter, who asked not to be identified because the information is private. The firm’s PFR Gold Fund rose 18 percent in the month and is up 40 percent for the year and the Paulson Partners Enhanced fund increased 7.4 percent in February to extend gains to 8.8 percent in 2014.

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