Thursday, 25 December 2014
Last updated 15 hours ago
Apr 18 2013 | 1:44pm ET
Friday and Monday's historic gold rout hasn't just burned John Paulson personally—investors in the gold bug's hedge funds are suffering as well.
Paulson lost about $1 billion on gold's worst two-day drop in 30 years. And Paulson & Co.'s flagship hedge fund is down 2.4% this month, thanks in no small part to gold's precipitous drop.
The Advantage Fund had just returned to positive territory last month with a 5.6% jump. The fund is now up just 1.3% on the year.
Things are likely even grimmer for Paulson's dedicated Gold Fund. That vehicle was down 27.9% through March, prior to gold's big drop last week and this.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.