Thursday, 25 December 2014
Last updated 15 hours ago
Jan 9 2013 | 1:21pm ET
Paulson & Co.'s 2012 was more mixed than first meets the eye.
The firm's flagship hedge funds suffered another disastrous year: Its Advantage Fund lost 14% last year after rising 3.3% in December, while the more highly-levered Advantage Plus Fund lost 19% after a 4.5% December surge. The former lost 36% in 2011 and the latter 51%.
In addition, Paulson's Gold Fund lost 25% in 2012, falling a further 5.1% in December. It lost 11% in 2011.
But the $19 billion New York-based firm other funds bounced back last year. Paulson Partners Enhanced rose 18% after a 5.7% December surge. Credit Opportunities, which lost 18% in 2011, was up 9.1% last year with a 3.4% December return, and Recovery, which dropped 28% in 2011, returned 3.9% in 2012—almost all of it last month, when it returned 3.7%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.