Reuters- Paulson & Co, the hedge fund group that quadrupled in size last year on the back of the credit crisis, is surging again this year in all three of its major strategies, the firm said.
The firm’s performance, disclosed to investors in a letter on Friday, stands out amid lackluster and loss-making results elsewhere in the hedge fund sector, where slumping stock markets and volatility in the credit markets caused a number of firms to falter or even collapse.
Paulson, which manages about $30 billion and counts former Federal Reserve chairman Alan Greenspan as an adviser, posted net returns of over 8 percent in the first two months of 2008 in its credit strategies, the letter said.
