Paulson Advantage, Gold Funds Fall, But Other Funds Rise In '12

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%.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note