Tuesday, 2 September 2014
Last updated 26 min ago
Oct 27 2011 | 6:46am ET
Paulson & Co. can't win for losing this year.
The New York-based hedge fund, burned badly by falling stocks all year, finally began cutting its exposure to equities—just in time to see the stock market rally this month, The Wall Street Journal reports. Paulson's decision to reduce risk in its funds means that the firm's largest fund, Paulson Advantage, which lost almost 47% during the first nine months of the year, is up less than 1% this month—while the Standard & Poor's 500 Index is up almost 10%.
The news couldn't come at a worst time for the $30 billion firm: Investors have until the end of the month to file redemption requests from its flagship Advantage and Advantage Plus funds, which are down between 30% and 47% this year after a brutal September.
Paulson has enjoyed an enviable track-record of double-digit returns over the past four years. But the firm will have to almost double investors' remaining money in November and December to simply break-even this 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 ...