Paulson Recovery Up 35%

Aug 7 2013 | 12:58pm ET

Paulson & Co.'s resurgence continued apace last month, as all of the firm's main funds posted gains and its Recovery Fund surpassed its high-water mark.

Recovery, which lost 28% in 2011, is up 35% this year. That, combined with last year's 4.7% return, means that the fund has recouped its losses and that Paulson can begin to collect performance fees once again, Bloomberg Television reports.

Two other Paulson strategies, credit and merger, breached their high-water marks earlier this year. All told, some 75% of the firm's $18 billion in assets have achieved their high-water marks.

Recovery's resurgence is attributable to the fund's investments in financial services companies, notably mortgage insurer Radian Group, whose shares have surged some 40% since April, when hedge fund founder John Paulson touted the stock.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…