Most Paulson Funds Up In Q1

Apr 5 2013 | 12:02pm ET

Paulson & Co. enjoyed gains by all but one of its hedge funds in the first quarter after a March surge erased February's losses.

The New York-based firm's flagship Advantage Fund jumped 5.6% last month and is up 2.9% on the year. The more highly-levered Advantage Plus Fund rose 7.6% in March and is up 3.6% on the year. Paulson credited the funds' "financials, consumer cyclical and noncyclical event-driven positions."

Cheering though those figures are after two straight years of double-digit losses, the performance of Paulson's Recovery and Credit funds are even more so. The former added 14.2% in the first quarter, and the latter 10.4%.

But Paulson's Gold Fund continued to disappoint in a big way, losing another 3.1% in March to end the first quarter down 27.9%. The firm explained that the fund "experienced declines as implied volatility in the gold derivatives market continued its decline."


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?