BOSTON ( TheStreet) -- Paulson & Co. founder John Paulson has endured a tumultuous year as his hedge fund has fallen more than 30%. The billionaire investor is seeking to rebound with new investments in companies including News Corp. ( NWSA) and Mosaic ( MOS).After earning a record amount -- $5 billion -- for a hedge-fund manager last year with the help of gold and bank stocks, Paulson is now slashing holdings in many of those investments as his fund's performance has badly lagged behind the broader market. Paulson's flagship Advantage Plus Fund has plummeted 31% this year, according to several media reports that cite investors in the fund.
|John Paulson (Paulson & Co.)|
10. RLJ Lodging Trust ( RLJ) Company Profile: RLJ Lodging invests primarily in premium-branded and compact full-service hotels. Paulson's Investment: The hedge fund bought 2.7 million shares of RLJ Lodging during the second quarter, a position valued at $47 million as of June 30. Share Price Performance: Since the stock's debut in May, RJL Lodging shares have plunged about 21%, with most of the decline coming in August as markets crumbled following the Standard & Poor's downgrade of U.S. debt. Since June 30, shares are down about 20%, meaning the position is probably underwater if Paulson is still a holder.