Tuesday, 2 September 2014
Last updated 1 hour ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...