Hedge funds are faring poorly these days. By several metrics, the industry is on its way to one of the worst annual performances since these funds were invented. But the one guy that keeps being mentioned as the exception to the gloom is John Paulson, of Paulson & Co. (no relation to Henry, we're pretty sure) While funds, on average, are down for the year, Paulson's six funds are up between 5 and 25 percent, reports the New York Post. Apparently, he avoided the energy debacle and has been shorting banks (it's unclear how the ban affected him). Now, he's apparently wading into a few energy stocks. Nowadays, it's hard to string together consecutive stellar years.

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