Paulson Down 9% In Dec., 52% In '11

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...