John Paulson's Outside Capital Base Crashes To Under $2 Billion
Back in 2011, after making a killing off of his infamous mortgage short, John Paulson found himself running one of the largest hedge funds on wall street with $38 billion in total capital under management, including roughly $19 billion in outside capital. But, after gaining instant fame with his massive subprime bet, Paulson can't seem to buy a clue in recent years which has left many investors wondering whether he may have been nothing more than a "one-trick pony".
Certainly returns in his Paulson Advantage fund would indicate some difficultly replicating historical success: