Tuesday, 21 October 2014
Last updated 11 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.
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 ...