Tuesday, 28 April 2015
Last updated 16 hours ago
Dec 7 2012 | 12:18pm ET
This year hasn't been as bad for Paulson & Co. as last year, but it's getting close.
The $19 billion New York-based hedge fund suffered further losses in November, all but assuring that its flagship funds will suffer their second-consecutive year of double-digit losses. Paulson's main Advantage Fund fell 3.6% in November and is now down more than 17% on the year—the more highly-levered Advantage Plus Fund is undoubtedly down more, possibly in excess of 20%, CNBC reports.
Those funds lost 36% and 51%, respectively, last year.
Paulson's pain isn't limited to his flagships: The firm's Gold Fund fell a startling 9.5% last month and is now down nearly 30% on the year.
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…