Friday, 22 August 2014
Last updated 2 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note