Sunday, 26 April 2015
Last updated 1 day ago
Apr 7 2010 | 11:03am ET
Paulson & Co. saw strong returns from almost all of its hedge funds last month as the equities and credit markets soared.
The $32 billion firm’s flagship Advantage fund rose 1.74% last month, and its more highly-levered Advantage Plus fund jumped 2.58%, MarketWatch reports. But both paled in comparison to the firm’s Recovery fund, which returned 13.24% on the month, and its Enhanced fund, which added 8%.
The strong returns came as some are beginning to question whether the firm has become too large. Unlike other top hedge funds, Paulson has not closed its funds to new investment and is continuing to take in more cash.
Despite the good March, Paulson is off to a slow start this year. The Advantage fund is up only 1.37% through the first quarter, and the Advantage Plus fund is up only 0.8%.
Its smaller funds are doing considerably better. The Recovery fund is up 17.19% on the year, the Enhanced fund 9.11%, and its Credit Opportunities Fund 7.33% after a 3.53% March rise.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…