Paulson Down 38.7% After Rough Third Week Of August

Aug 25 2011 | 12:58am ET

With every passing day, Paulson & Co.'s August—and its 2011—is looking bleaker and bleaker.

The New York-based hedge fund giant's largest offering, Advantage Plus, extended its losses last week to 38.7% on the year. The fund had been down 34% through two weeks of the month and is now down 21.7% on the month through Friday, The Wall Street Journal reports.

Worse still for Paulson, one of its relative bright spots on the year, its merger arbitrage fund, took a big hit last week. Paulson Partners was down just 3% through the middle of August; it's now down 11.8% on the year, plummeting 14.4% in August.

This week isn't looking any kinder to Paulson, either: The firm's gold holdings, which have performed strikingly well this year, may have suffered amidst the week's gold selloff.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...