Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…