Paulson Continues Rebound—All Funds Up

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...