Paulson’s Biggest Funds Lose Ground in Q1

Apr 7 2011 | 11:45am ET

Has John Paulson lost his Midas touch?

The billionaire hedge fund manager’s biggest portfolios have lost ground in the first quarter, reports Reuters, citing two people familiar with the performance.

The Advantage Fund, which accounts for the bulk of Paulson & Co’s assets, lost 1.24% in the first three months of 2011, thanks to a 3.10% loss in March, reports the news agency.

His Advantage Plus Fund lost 1.74% during the same period after a 4.4% drop in March. The fund took a real hit in early March—off 6.14% through March 15—thanks to fallout from Japan’s disaster and bets on U.S. banks and the housing market.

Paulson’s Gold fund was off 0.87% for the quarter (0.43% for March).

The same sources also said some of Paulson’s other funds had posted gains: the arbitrage-oriented Paulson Partners gained 3.86% in Q1 2011, the Paulson Enhanced gained 6.94%, his Recovery fund is up 3.8%, and the Credit Opportunities Fund rose 6.44%.

With $36 billion in AUM, Paulson & Co is one of the world’s largest hedge funds.

 


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of