Tuesday, 2 September 2014
Last updated 3 days ago
Sep 1 2011 | 8:25pm ET
Having consistently pummeled Paulson & Co. over its first three weeks, August took last week off.
The $35 billion firm actually posted gains last week. New York-based Paulson didn't do quite as well as the broader markets, but those five days were a much-needed respite for the firm, whose largest fund was down almost 22% on the month and 39% on the year before last week.
That fund, Advantage Plus, rose 3.5% last week, paring the aforementioned losses to 19% on the month and 36.5% on the year. The firm's flagship Advantage fund advanced 2.3% last week to cut its monthly loss to 12.8% and its year-to-date loss to 25.8%, The New York Times reports.
The Standard & Poor's 500 Index rose 4.7% last week.
Whether last week's gains are the beginning of an impressive turnaround remains to be seen. Last year, Paulson's funds were down by double-digits as late as September before rallying to end 2010 up 11%. But none of the funds were down by this much at any point last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...