Thursday, 2 October 2014
Last updated 34 min ago
Dec 8 2010 | 3:14am ET
Paulson & Co. continued it hot streak last month with a 1.13% return for its flagship and continued strong results for its gold fund.
The $9 billion Advantage Plus Fund has surged over the last three months. The rebound, which began in September with a 12.5% return, has seen the fund erase an 11% loss through August; it is now up 3.7% on the year, Reuters reports.
The $32 billion firm's dedicated gold fund, by contrast, never had to worry about red ink. The fund, which launched in January, rose another 5.8% last month and is up 33.6%. And while that's not quite the triple-digit returns Paulson became famous for during the financial crisis, it's quite a bit better than the average hedge fund's return, which is hovering in the single digits.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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