Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.