HSBC Report Shows Multiple Paulson Funds Had Rough October

John Paulson had a rough October.

After the strategy of his Recovery Fund was down 7.43 percent during the month, Paulson declared the strategy had “matured” and that he was changing the fund name and investment methodology. After picking the bottom in financials, starting the fund in October of 2008, Paulson finds current valuations and the market environment for banks, brokerages, insurance companies and other financials a little rich.

But it isn’t just the Recovery Fund that had a bad October.

Paulson’s Advantage Plus fund down 19.95%

Paulson’s Advantage Plus fund, with $2.8 billion under management, and Advantage fund, with $1.1 billion under management, weren’t much of an advantage to...