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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of