Paulson, Appaloosa, RenTech Up In Feb.

Mar 8 2011 | 2:00pm ET

February was a mixed month for some of the most prominent hedge funds in the business.

First, the good: Paulson & Co., whose gold fund bounced back from its big losses in January to bring itself very near break-even for 2011. The Paulson fund returned 13.24% last month, Institutional Investor reports, after shedding 12% in January. The fund remains down, albeit only slightly, for the year.

Paulson's other funds were much more in line with the average hedge fund, which rose about 1.4% last year. The firm's flagship Advantage fund was up 1.62% (1.87% year-to-date) and its Advantage Plus fund was up 2.25% (2.79% YTD). Paulson's Recovery fund, which bets on an economic rebound, added 3.53% in February (4.46% YTD), while Paulson Partners rose 1.64% (4.01% YTD).

Even better is Appaloosa Management, which has had anything but the mixed year that Paulson has had. The New Jersey firm's eponymous fund is up almost 10%, while its Thoroughbred fund is up almost 8%, through February, II reports.

Renaissance Technologies has been a good deal more middling. The Long Island quantitative giant's Institutional Futures Fund rose 3.16% last month and is up 3.86% on the year, according to Dealbreaker.com

Finally, the bad and the ugly, which is really not all that bad and not terribly ugly. Ping Capital Management, headed by former SAC Capital Advisors star trader Ping Jiang, finally hit a roadbump in February, dropping 0.59%. Still, the fund is up 6.69% this year, following returns of 105% last year and 193% in 2009.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

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.