The Wall Street Journal has the skinny on the hedge funders who are "defying skeptics who questioned whether they could keep their runs going." John Paulson's fund is up 20 percent through the end of June; Phil Falcone's Harbinger Capital Partners I is up 42 percent; and Daniel Arbess, who oversees Perella Weinberg's Xerion fund, posted a 25 percent gain. What about Lehman short-seller David Einhorn, who earned such breathless coverage from New York a few weeks ago? "Up only a few percentage points through June." [WSJ]