Wednesday, 27 August 2014
Last updated 11 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...