And 2012's Biggest Hedge Fund Loser Was..

John Paulson

John Paulson is officially last year’s biggest loser.

The New York Post reports that Paulson’s hedge fund firm fell six places to 14th in Absolute Return’s Billion Dollar Club semi-annual ranking of the top hedge funds. The list includes funds in the US, Canada and Brazil.

As of January 1st, New York City-based Paulson & Co. had $17.66bn under management - less than half the $36bn it ran at its peak two years ago, when it ranked third.

The firm shed $4.8bn last year, the greatest amount of any of the 269 funds surveyed. The loss came largely from redemptions, as the funds gained an average of 1%, according to an investor letter.

Hit the link below to access the complete New York Post article:

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