Investors in John Paulson's hedge fund, Paulson & Co, are said to have lost $9.6bn last year - over twice as much as the $4.6bn lost over at Long Term Capital Management in four months in 1998 which rocked the markets.
According to LCH Investments estimates, however, Paulson still comes in in third place in terms of the dollar gain on funds invested since his fund was launched in 1994 (and that's $22.6bn).
Bridgewater Pure Alpha tops the list ($35.8bn since 1975), and Quantum Endowment Fund comes in second ($31.2bn since 1973).
The Billionaire's Apprentice
The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
