Top Hedge Fund Performance
- In 2009, Paulson & Co.'s Advantage and Advantage Plus (1.5 leveraged) funds gained 14 percent and 21 percent, respectively. Paulson hedge funds have had great success through the years and made billions betting against sub-prime mortgages in 2007. The Paulson Credit Opportunities fund, which bets against these mortgages, gained a whopping 34 percent in 2009.
- Greenlight Capital Re lost nearly 18 percent in 2008, due to a temporary ban on shorting on more than 800 financial stocks. It quickly reversed those losses to a 32 percent gain in 2009.
- Serengeti Asset Management had a poor 2008 and amazing success the next year. In 2009, Serengeti's Rapax fund increased to a 41 percent gain from 11 percent in the previous year. The Serengeti Overseas fund gained 87 percent in 2009, after losing 50 percent in the prior year.