As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 7 hours 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.