After a lousy year in 2017 and an even worse year in 2016, 2018 is already shaping up to be yet another bad year for John Paulson.
The billionaire's Paulson Merger Arbitrage fund lost 4.2% in January and 3.6% in February following a total loss of 18.7% in 2017 and 23.6% in 2016. Following these losses, the fund is now down by 49.6% since launch, a total return of -17% per annum.
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