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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note