Paulson and Co Inc. is on track to survive a reversal of fortune that sources say very few other hedge fund managers could withstand.
Assets declined $17 billion " 44.9%" to $21 billion as of June 30, down from a peak of $38.1 billion in February 2011. Much of the loss is the result of poor performance over the past year of the New York-based company's flagship Advantage event-driven arbitrage strategy, although there have been modest investor redemptions, sources said.
