Its Credit Opportunities fund, with assets of $5.7 billion last month, increased 4.8 percent from gains in post- reorganization equities, bank debt and defaulted securites, bringing returns for the year to 8.8 percent, the people said.
Paulson Recovery climbed 5.6 percent in February on investments in banking, insurance, hotels and financial securities and 5.9 percent in 2014, the people said. The strategy had $2.9 billion in assets as of Feb. 1.