There are some people that saw the whole subprime implosion coming. Paulson & Co. (AUM > $20Billion) is the New York-based hedge-fund manager that runs the Paulson Credit Opportunities Fund. Through July, the fund is up a staggering 303%.
It is interesting to note that some foreign listed hedge fund of funds have exposure to Paulson. Absolute Managers AG, a Swiss-listed FOF (ABST) has a 14% allocation to Paulson. And not surprisingly, is up over 30% YTD.
Thames River, which is London listed (UK:TRMA), has a 6% allocation and is up about 16% YTD.
