Paulson Gold Fund Finds Its Footing

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of