Wednesday, 5 August 2015
Last updated 10 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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…