Advantage Plus Fund

Paulson Advantage Plus Fund

John Paulson's Flagship Advantage Plus Fund Rises 12%

John Paulson's flagship fund, Advantage Plus, increased 12.4% in September 2010. Paulson's Advantage Plus fund has recovered this years previous losses, helped by an unexpected stock market rally last month.
Bolstered by a surprising September stock-market rally, billionaire hedge fund manager John Paulson's flagship Advantage Plus fund jumped more than 12 percent last month, recovering this year's losses, according to a person familiar with the fund.

Paulson's other portfolios, including the Recovery, Gold and Credit Opportunities funds, all posted positive returns in September.

Paulson, who manages about $32 billion, told investors on Tuesday that his Advantage Plus fund rose 12.41 percent in September, according to the person familiar with the matter.

In comparison, Advantage Plus fell 4.27 percent in August, leaving it down 11 percent for the year.

Paulson's Credit Opportunities fund was up 3.94 percent in September, while the Recovery fund gained 8.47 percent and the gold fund returned 5.67 percent. Source

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