Paulson Flagships Fall In February

Mar 7 2013 | 1:24am ET

Paulson & Co.'s 2013 revival was short-lived.

The New York-based firm's flagship hedge funds swung into the red last month, with February's losses swamping January's gains. Paulson's Advantage Plus Fund fell 3.4% last month and the more highly-levered Advantage Plus Fund 4.7%, Bloomberg News reports. The former is now down 2.5% through the first two months of the year and the latter 3.5%.

Paulson's Gold Fund, which focuses on gold-mining stocks, is doing even worse, down 26% in 2013 after an 18% February swoon.

Paulson's other funds posted gains in February. Its Recovery Fund rose 1.6% last month and is up 5.8% on the year, its Credit Fund added 1.3% in February and is up 4.3% on the year, and its International Fund rose 0.5% last month and is up 7.2% on the year.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of