Paulson Funds Rise In April

May 6 2011 | 1:06pm ET

Paulson & Co. managed a small gain last month after spending much of the month in the red.

The firm's flagship Advantage Fund and its Advantage Plus Fund each rose 0.1% last month, Bloomberg News reports. Both remain down year-to-date after having their January and February gains wiped out in March; the former is down 1.2% through April and the latter is off 1.7%.

But things could have been worse: The Advantage Fund was down 0.32% through April 22.

Other Paulson funds did significantly better in April, especially those that glittered: Paulson's Gold fund erased its year-to-date losses with an impressive 8.5% return last month (7.8% year-to-date). And the gold-denominated share classes of the Advantage and Advantage Plus funds were up 6.5% (5.6% YTD) and 6.3% (4.9% YTD), respectively.

The firm's Enhanced Fund added 4.5% in April (12% YTD). Its gold shares did even better, jumping 10% on the month (17% YTD). And the firm's Credit Opportunities Fund rose 1.4% (7.8% YTD), with its gold shares adding 7.1% (14% YTD).


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.