Mixed March Sees Main Paulson Funds Fall

Apr 5 2012 | 1:06pm ET

Paulson & Co.'s much-needed promising start to the year sputtered out even before the end of the first quarter.

The New York-based hedge fund, which suffered its worst-ever year in 2011, saw many of its gains wiped out in March. Its flagship Advantage Fund lost 4% last month and is now down 1% on the year, while its Advantage Plus Fund fell 5.5% in March and is down 2.2% on the year.

But neither suffered quite as much as Paulson's dedicated Gold fund, which lost 13% in March and is down 6.5% on the year. All three funds have major gold holdings.

Interestingly, however, the Advantage funds' gold share classes are actually doing better than their dollar counterparts. Advantage's gold shares fell 3.8% in March but remain up 2.7% on the year, while Advantage Plus' lost 5.4% and are down just 0.7% on the year.

Other Paulson funds are doing better. Its Recovery Fund rose 2.8% in March and is up 9.5% in the first quarter; its gold shares added 1.5% on the month and are up 12% on the quarter. Paulson Enhanced returned 0.9% last month to reach 15% for the year, while its gold shares rose less than 0.1% in March but remain up 15% through three months. Credit Opportunities added 1% on the month and is up 5% on the year; its gold shares didn't budge in March but are up 8% on the year.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note