Monday, 20 October 2014
Last updated 27 min ago
Apr 25 2013 | 10:59am ET
Paulson & Co. is not spooked by the recent swoon in gold prices—a swoon that cost firm founder John Paulson in excess of $1 billion. But while the New York hedge fund remains confident in its huge bet on the precious metal, it warns there may be more bumps in the road.
John Reade, a partner at Paulson, told investors on a conference call yesterday that the firm would stay the course with its gold investments. Paulson's thesis is that continued quantitative easing will eventually lead to a spike in inflation that will send gold soaring.
But Reade told clients that there could be more price fluctuations in the short term, Reuters reports.
Gold suffered its worst two-day drop in 30 years earlier this month. The metal's price has since stabilized and recovered somewhat.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...