Paulson, Bridgewater, CTAs Battered In Early May

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).


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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.