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

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Futures Trending

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…