Paulson Advantage Funds Rise In August

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...