Wednesday, 26 November 2014
Last updated 1 hour ago
Dec 23 2011 | 10:10am ET
Paulson & Co. is in danger of ending its worst-ever year with one of its worst-ever months.
The New York-based hedge fund, better known for posting triple-digit returns than for nursing double-digit losses, has seen its flagship Advantage Fund shed 6% through Dec. 16, leaving it down about 36% on the year. A more highly-levered version of that fund, Advantage Plus, lost a further 9% during the first two weeks of December and is down about 52% on the year, Reuters reports.
What's more, Paulson's gold fund, once a bright spot in a dark year, has failed him, as well. With gold sinking almost 20% since September, the gold fund is now down 7% on the year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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