Tuesday, 22 July 2014
Last updated 5 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…