Wednesday, 30 July 2014
Last updated 4 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…