Tuesday, 22 July 2014
Last updated 20 hours ago
Sep 16 2013 | 12:29pm ET
While a couple of its funds lost ground in August, Paulson & Co. saw its two largest hedge funds surge into double-digits on the month.
The Paulson Advantage Fund gained 1.9% last month and is now up 10% in 2013, Reuters reports. The more highly-levered Advantage Plus Fund added 2.8% to boost its year-to-date return to 14.4%. The funds made headlines two years ago when they fell by double digits.
Firm founder John Paulson also won some personal vindication—and a chunk of his money back—with an 11% August jump for its Gold Fund, which primarily manages John Paulson's own money. That fund remains hard-hit on the year, however; it was down 65% in the first half as gold prices plummeted.
Even Paulson's losing funds in August are a bright spot—since they are the firm's best performers on the year. The Paulson Recovery Fund remains up 32.3% after falling 1% last month, and Paulson Enhanced is up 21.8% after dropping 0.9% in August. The Paulson Credit Fund is up 21.8% on the year.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…