John Paulson’s biggest fund enjoyed gains of about 12.5% in September, according to the WSJ. Those returns outperformed the 8.8% gain for the S&P’s 500 index, its best September since 1939.
August was certainly a rough month for Paulson. His $9 billion Advantage Plus fund lost 4.3 percent during that period.
Paulson, who made billions betting against the subprime mortgage market, is bullish on on real estate and gold and is advocating that investors buy houses and gold ahead of a coming wave of asset-price inflation.