Thursday, 18 December 2014
Last updated 7 min ago
Aug 9 2011 | 12:49pm ET
Things have gone from bad to worse for Paulson & Co.
The New York-based hedge fund giant’s largest hedge fund, already down 22% through the end of July, has lost about half as much again since the beginning of this month. Both the Advantage Plus and Advantage funds are down between 10% and 11% in August, CNBC reports.
Advantage was down about 15% through July.
On the bright side, the Paulson funds haven’t been hit quite as hard as the Standard & Poor’s 500 Index, which has lost 13.37% this month.
Paulson’s funds were down by double-digits as late as September of last year before rallying to end 2010 up 11%. But the funds were never down by this much at any point last year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.