Saturday, 26 July 2014
Last updated 1 day 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…