(FinAlternatives.com) John Paulson’s funds extended gains in May, propelled by strong bets on Greek banks, energy prices, Time Warner Cable’s proposed merger, and deals in the healthcare sector.
Paulson’s event-driven Advantage fund returned 3.5% in May, while his firm’s Partners merger strategy gained 2.7%.
The two funds are up 8% and 9.3% year-to-date, respectively, according to a Bloomberg source. The Bloomberg Global Aggregate Hedge Fund Index was up a meager 0.1% in May and 3.4% since January 1.
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