Saturday, 20 December 2014
Last updated 1 day ago
Nov 4 2010 | 8:33am ET
A year that started off very badly for Paulson & Co. is ending very, very well.
The New York-based hedge fund, which last month emerged from the red with a 12.5% return for its flagship, extended those gains in October. The firm’s Advantage Plus Fund rose 2.6% last month and is now up 2.5% on the year.
That return is hardly impressive on its face, until one considers that the $9 billion fund was down 11% through August.
Paulson, which manages $32 billion, can now boast that all of its funds are in the black. Its Advantage Fund is up 1.4% after rising 1.7% last month and its Recovery Fund is up 7.8% on the year after a 0.5% October return.
All of the firm’s other funds are up by double-digits this year, well ahead of industry indices. Its Credit Opportunities Fund is up 12.4% after adding 2.7% last month. A whopping 7.3% October return has its Partners Enhanced Fund up 16% in 2010, while its gold fund is up an impressive 26% this year after a 3.5% jump last month.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.