Saturday, 5 September 2015
Last updated 7 hours ago
Jan 3 2011 | 4:25am ET
As recently as four months ago, 2010 appeared to be something of a lost year for Paulson & Co. The firm’s flagship was down 11%—other funds managed by the firm were also in the red—and the New York-based hedge fund giant looked poised to suffer its first annual loss since it burst onto the scene with a triple-digit return three years ago.
But Paulson’s Advantage Fund posted a huge rally in the first half of December and was up 14% on Dec. 10, The New York Times reports. The strong December follows a 12.5% jump in September, which put the fund into the black. Through November, the fund was up 3.7%.
“Several of his general investment themes this year came to fruition,” an investor told the Times.
Paulson’s Advantage Plus fund was up 10% during the first 10 days of December, as was its Recovery Fund, which was up 19% on the year. Its Credit Opportunities Fund added 4% in the first third of the month and was up 17% with 21 days to go in 2010.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…