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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...