Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…