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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note