Saturday, 20 December 2014
Last updated 15 hours ago
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.
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.