Saturday, 5 September 2015
Last updated 10 hours 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%.
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…