Sunday, 23 November 2014
Last updated 1 day ago
Apr 2 2007 | 10:23am ET
Paulson & Co. made a killing in the first two months of the year as the sub-prime mortgage market was hemorrhaging.
The firm’s Paulson Credit Opportunities fund returned a whopping 83% in January and February, buoyed by its bet against U.S. sub-prime mortgage lenders. The fund’s assets now exceed $500 billion, Financial News reports.
The fund was up 21.3% in February, according to an investor letter and Securities and Exchange Commission filings. Four of its funds made a net gain of 61.5% by shorting sub-prime lenders.
After the boom, Paulson manages some $11 billion, $6.4 billion of which is in hedge funds.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...