Friday, 26 December 2014
Last updated 2 days 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.
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.