Which star fund manager turned it around in 2012?
Excerpt:(MoneyWatch) Most investors choose fund managers based on past performance. However, you never know if that manager will keep winning or see his luck run out. The following tale of two legendary managers shows the random nature of investment returns. Not long ago, hedge fund manager John Paulson was hailed as a master of the universe. He famously generated returns of up to 600 percent by betting against mortgages in 2008. In 2011, Paulson's performance was also characterized as the "stuff that makes legends." Unfortunately, the sign was wrong. The Paulson Advantage Fund lost 36 percent, and the Paulson Advantage Plus Fund lost 52. 5 percent. For investors who believed that 2011 was just a temporary detour for Paulson, 2012 has provided a test of their patience. Through November, the Paulson Advantage Plus Fund had lost another 22 percent. His other flagship fund, the Paulson Advantage Fund, had lost 17 percent.
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John Paulson
Overall Sentiment: 0.114801
Relevance: 0.461124
Bruce Berkowitz
Overall Sentiment: -0.285995
Relevance: 0.31822
Bill Miller
Overall Sentiment: 0.0888639
Relevance: 0.138252
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Organization: Paulson Advantage Fund
Overall Sentiment: -0.0147819
Relevance: 0.88363
Organization: Paulson Advantage Plus Fund
Overall Sentiment: -0.682436
Relevance: 0.393069
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Which star fund manager turned it around in 2012?
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Top money managers John Paulson and Bruce Berkowitz got hammered in 2011, but only one rebounded this year
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- bam advisor services
- bam alliance
- bruce berkowitz
- buckingham asset management
- fairholme fund
- fairx
- john paulson
- larry swedroe
- paulson advantage fund
- paulson advantage plus
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