Paulson's Merger Hedge Fund Crashes With 70% Loss in Four Years

The transcript discusses the performance of Paulson Partners' funds, highlighting significant declines in the merger arbitrage fund due to pharmaceutical bets and leveraged investments. The firm's assets have decreased from $38 billion to $9 billion, with most of the remaining assets being Paulson's own money. While some funds like the Credit Opportunities Fund have seen gains, others have suffered losses, leading to investor withdrawals.

What was the performance of the Paulson Credit Opportunities Fund compared to the Enhanced Fund?

What is the significance of merger arbitrage in the context of Paulson's investment strategy?