Paulson Suffers Through Further Losses in December

According to Reuters Thursday, John Paulson's funds are down again in December.

The Advantage Plus fund is said to be down another 9 percent through December 16th, meaning the fund is off by a whopping 52 percent for 2011.

The Advantage fund, Paulson's largest portfolio, is down 6 percent over the same period in December, and 36 percent lower to-date in 2011.

For comparison, the S&P 500 is just about flat in December, not too shabby when considering the abnormal volatility stemming from news in Europe.

Big losses in 2011 for Paulson have come from:

• Bank of America (NYSE: BAC);
  
  
• Hewlett-Packard (NYSE: HPQ);
  
  
• Sino-Forest (OTCBB: SNOFF);
  
  
• Hartford Financial (NYSE: HIG); and
  
  
• Most recently, SPDR Gold Trust (NYSE: GLD).

The good news for Paulson is there's only about five trading days left in December, and if he can swing a 100 percent gain then his legend will grow even larger.

Maybe even by three sizes!

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