Thursday, 2 July 2015
Last updated 35 min 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%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…