Tuesday, 28 July 2015
Last updated 16 min ago
Mar 7 2012 | 2:15pm ET
Paulson & Co. is a little bit farther from making up the huge losses it suffered last year after a disappointing February.
The firm's flagship Advantage Fund lost 0.8% on the month, missing out on February's market rally, which pushed the Standard & Poor's 500 Index up 4.1% on the month. Paulson reduced its market exposure during last year's catastrophic losses, which were as high as 50% for its Advantage Plus Fund.
That fund lost 1.5% last month. Both funds remain in positive territory for the year, up between 3% and 3.5%.
Other Paulson funds did a good deal better, including Paulson Partners Enhanced, which added 6.5% in February. The fund is now up 11% on the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…