Sunday, 29 March 2015
Last updated 2 days ago
Nov 16 2011 | 10:46am ET
Despite missing out on October's stock rally due to its efforts to cut risk, Paulson & Co. continued to reduce its exposure during the first half of November.
Firm founder John Paulson told investors attending the New York hedge fund's two-day annual meeting at the Metropolitan Museum of Art that he's cut the net exposure of the firm's main hedge funds to 30%, half of what it was four months ago. Paulson told clients that he'd continue to reduce the firm's bullish bets until it becomes clearer that Europe will be able to sort out the sovereign debt crisis afflicting Greece and Italy, Bloomberg News reports.
Earlier this year, Paulson's largest funds, which have fallen 44% and 29% this year, had net exposure of 81%.
Despite the big losses, investors filed redemption requests totaling only 8% of assets at the end of last month, just one third of what they would have been allowed to pull and in line with what Paulson generally sees in year-end redemptions.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…