Thursday, 25 December 2014
Last updated 1 day 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.
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.