Tuesday, 22 July 2014
Last updated 7 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…