Monday, 30 March 2015
Last updated 6 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.
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…