Thursday, 2 April 2015
Last updated 33 min ago
Jan 7 2011 | 9:08am ET
December was good to a lot of investors—but it was really good to John Paulson.
A stellar final month of 2010 propelled Paulson & Co. to its third-straight year of double-digit returns since posting triple-digit returns in 2007. The Standard & Poor's 500 Index soared 6.7% last month and the average hedge fund rose 1.7%, but Paulson's funds returned between 6.8% and 14% on the month.
Paulson's flagship Advantage Plus Fund had been down as much as 11% as recently as August. But the final third of 2010, punctuated by a 13% jump in December, left the fund up 17% on the year, well ahead of Paulson's hedge fund peers.
Paulson's Advantage Fund was up 9% on the month and 11% on the year, Reuters reports, while its Credit Opportunities Fund added 6.8% to finish the year up 20%. The firm's Recovery Fund soared 14% last month and ended 2010 up 24%, a figure overshadowed by Paulson's gold fund, which returned 35%.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…