Friday, 25 July 2014
Last updated 13 min ago
Mar 7 2013 | 12:24am 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…