Saturday, 27 August 2016
Last updated 6 hours ago
May 23 2011 | 2:47pm ET
Paulson & Co. is having a bad May, and it's not alone.
The $36 billion New York-based firm saw its flagship extend its year-to-date losses in the first half of May, MarketWatch reports. The Paulson Advantage Fund, part of a Lyxor hedge fund managed-account platform, is down 7.36% this year after dropping 3.93% through May 17. Another Paulson fund on the platform, the International Fund, lost 1.43% during the first two weeks of the month and is up 1.83%.
The world's biggest hedge fund, Bridgewater Associates, didn't do much better, losing 2.09% through May 17 (up 6.05% year-to-date), while Tudor Investment Corp.'s Momentum Fund did a good deal worse, losing 5.6% (down 3.8% YTD).
Armajaro Asset Management's Commodities Fund shed 4.32%, erasing its year-to-date gains. Caxton Associates' Hawk fund lost 3.54%, Winton Capital Management's flagship lost 3.34% and Aspect Diversified fell 5.6%. Commodity trading advisor Lynx declined 5.77% on the month.
FX Concepts' GCP fund dropped 4.13% (down 9.46% YTD).