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: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note