Thursday, 2 October 2014
Last updated 29 min ago
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).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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