Bloomberg – Billionaire John Paulson’s hedge funds gained in April after successful wagers on energy, mergers and Greek banks.
Paulson & Co.’s merger strategy, which comprises more than half of the firm’s $19.5 billion in assets, profited on potential takeovers in health care, media and telecommunications, said two people with knowledge of the returns, who asked not to be named because the information is private. Paulson Partners gained 1.5 percent last month and 6.1 percent this year, said the people. A version that uses borrowed money rose 2.9 percent in April and 13 percent for 2015.
