Paulson December Rally Pushes Funds Up Double Digits

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.