From Zero Hedge:
Over a week ago, Zero Hedge broke the news that Paulson's Advantage Plus fund was down more than 50% for the year. Today, Reuters has finally confirmed what our disgruntled throat reported way back when.
"There will be no holiday cheer for hedge fund manager John Paulson this month, as his dismal performance in 2011 is capped off by another miserable performance so far in December. The Paulson & Co.'s Advantage Plus fund, which has been the firm's worst performer all year, is down another nine percent through December 16, sending yearly losses to...
Read full article...
More on John Paulson:
A fantastic opinion piece on John Paulson's "epic disaster" in China
Billionaire John Paulson has been dumping one of his favorite stocks
Chinese stock scandal could leave billionaire Paulson with $750 million in losses