Gold Hits Paulson Flagship

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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of