Saturday, 28 March 2015
Last updated 1 day ago
Jul 10 2007 | 11:30am ET
Where there are big losers, there are always big winners, and in the sub-prime mortgage market, Paulson & Co. continues to hit the jackpot.
The New York-based hedge fund, which last year set up its Paulson Credit Opportunities Fund specifically to take advantage of the storm ravaging mortgage markets, is up an eye-popping 129.22% in the first half of 2007, MarketWatch reports. The fund rose an astonishing 39.95% in June on bets against the sub-prime market, as that very same market sunk a number of hedge funds, most notably one managed by Bear Stearns.
It’s been a top-notch year all-around for Paulson. While nothing can quite compare with the killing it is making in the sub-prime market, both its flagship fund and its event-driven offering are up more than 25% this year. The event-driven fund rose 10.16% last month—a bad one for many event-driven managers—and is up 29.29% in 2007, while its flagship, a merger-arbitrage fund, is up 27.72% in the first half after returning 6.15% in June.
Mar 9 2015 | 6:35am ET
As 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…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…