Paulson Advantage Funds
Paulson & Co. Closing Advantage Funds to New Investors
Paulson & Co. said Monday that it will close the firm's largest hedge funds to new investors later this year.
The Advantage funds, which oversee roughly $19 billion in assets, will only allow new investors in if current investors redeem, creating space, John Paulson, head of Paulson & Co., explained during a conference call with clients.
Paulson & Co.'s other hedge funds - the Credit, Merger, Recovery and Gold funds - aren't affected and will remain open to new investors, Paulson added. Source