Monday, 30 March 2015
Last updated 43 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).
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…