Sunday, 28 December 2014
Last updated 18 min ago
May 2 2011 | 1:38pm ET
Mirroring last year, Paulson & Co. is digging itself a hole in the early going of 2011.
The firm's flagship Advantage Fund lost 0.32% through April 22, according to Lyxor's hedge fund platform, which includes the Paulson fund. The fund is down 3.57% for the year through that date, Reuters reports.
Advantage's problems are likely banking-related: Two of its top five holdings are Citigroup and Bank of America, down 7% and 12%, respectively, this year.
Last year, Paulson's funds were down by double-digits as late as September. But Advantage soared 12.5% that month and 14% in December to ensure a 17% return for the year.
The news is not all bad for Paulson: The New York-based firm's International Fund, also on the Lyxor platform, rose 1.5% through April 22 and is up 3.3% on the year.
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.