Thursday, 3 September 2015
Last updated 10 hours ago
Oct 5 2012 | 1:52pm ET
He's got a ways to go, but John Paulson may yet salvage 2012 in its final quarter.
All of Paulson & Co.'s hedge funds either gained ground in September or lost ground on the month but remain in the black for the year. And while its flagships remain down by double-digits, performances like September's give them an outside chance of avoiding their second-straight losing year.
The Advantage Fund advanced 2.6% last month to cut its year-to-date loss to 11%, while the more highly-levered Advantage Plus Fund added 3.6% to cut its loss to 14%. Those funds were down 13% and 18%, respectively, earlier this year, after losing 36% and 51% in 2011. And its Gold Fund—down more than 20% earlier this year—is now down just 3.9%, thanks to a 13% September return.
Paulson's other funds' dollar-share classes were either down or flat in September. But all are up for the year: Enhanced was flat last month and is up 9.1% on the year, Recovery lost 1.2% but remains up 0.5% on the year, and Credit Opportunities lost 1.5% in September but remains up 2% in 2012.
Of course, if you're invested in Paulson's gold-denominated share classes, you're in even better shape. Enhanced's gold class rose 3.7% last month (16% year-to-date), Recovery 2.8% (10% YTD), Credit Opportunities 1.9% (10% YTD), Advantage 6.8% (down 0.8% YTD) and Advantage Plus 6.8% (down 5.2% YTD).
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…