Sunday, 29 March 2015
Last updated 1 day ago
May 10 2010 | 1:14pm ET
It may not have struck gold yet, but Paulson & Co.’s new hedge fund dedicated to the precious metal is finally finding something other than negative returns.
The gold fund, which debuted in January and promptly lost 14%, is finally in the black after an almost 10% return last month. The fund, which has failed to attract much money other than that of firm founder John Paulson, is up more than 4% in the first four months of the year, Dow Jones Newswires reports.
April was a good month for Paulson in general. The firm’s Recovery fund, which invests in banks and other hard-hit financial institutions, returned 6.83% in April and is up more than 25% on the year.
Paulson’s other hedge funds also posted positive April returns—as did the average hedge fund, which returned slightly more than 1%, according to industry indices. The remaining funds in Paulson’s stable, including its flagship, are up between 6% and 10% through April.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…