Wednesday, 17 December 2014
Last updated 4 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%.
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.