While many hedge funds are

[Bubblesitter]

While many hedge funds are having problems these days, some are doing spectacularly well.

http://www.marketwatch.com/news/story/paulson-hedge-fund-up-410/story.aspx?guid=%7BFDB43747%2DF8FF%2D4B30%2D8CB8%2DD3C2ED738CDC%7D

Excerpt from Marketwatch,
”
SAN FRANCISCO (MarketWatch) – A hedge fund run by $20 billion firm Paulson & Co. has surged 410% so far this year as subprime bets paid off.
The Paulson Credit Opportunities fund, set up last year to take advantage of potential mortgage turmoil, returned 26.67% in August, leaving it up 410% in 2007, according to a person who has seen the firm’s most recent performance update. ”