Paulson, the billionaire recovering from two years of losses in some of his strategies, posted gains in most of his funds in January, according to two people familiar with the matter. Paulson & Co.’s Advantage Plus fund, an event-driven strategy that seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, rose 1.4 percent last month, while the firm’s Gold Fund fell 9.7 percent, the people said. The Paulson Enhanced fund advanced 6.5 percent.
Saba, Tudor
Weinstein’s Saba Capital Management LP rose 3.9 percent last month in its Saba Capital Offshore Fund, said a person briefed on the performance. The long-short credit fund has $5.3 billion under management. Weinstein, former co-head of global credit trading at Deutsche Bank AG, started New York-based Saba in April 2009.
Tudor Investment Corp., the $11.6 billion firm run by Paul Tudor Jones, rose 4.3 percent last month in its Tudor BVI Fund, according to a person familiar with the matter. The firm is based in Greenwich, Connecticut.
Kingdon Capital Management LLC, the $2.4 billion firm run by Mark Kingdon in New York, last month climbed 5.5 percent in its flagship Kingdon Associates fund, said a person with knowledge of the matter. The fund is managed by Kingdon. Mike Pohly’s Kingdon Credit fund gained 1.9 percent in January, the person said.
Passport Capital LLC’s $1.3 billion Passport Global fund rose an estimated 3.4 percent in January, according to a performance update to investors obtained by Bloomberg. The $3.7 billion San Francisco-based firm is run by Burbank.
Hedge-fund assets grew 2.8 percent to a record $2.25 trillion in the fourth quarter, according to Chicago-based Hedge Fund Research Inc. Investors deposited $3.4 billion during the period, the firm said in January.
Spokesmen for the firms declined to comment on the returns.