Saturday, 30 May 2015
Last updated 21 hours ago
Oct 8 2013 | 12:53pm ET
Paulson & Co.'s resurgence continued last month, with all of the New York-based firm's major funds adding to their double-digit returns for 2013.
Paulson's $2.2 billion Recovery Fund once again led the way, rising 4.2% in September to hit 39% on the year. The firm's merger-arbitrage fund, Paulson Partners, added 2.9% and is up 14% on the year, and the more highly-levered Partners Enhanced Fund rose 2.6% and is up 25% on the year.
Even Paulson's once-battled Advantage funds have joined the surge: The Advantage Fund rose 1.2% in September and is up 12% on the year, and the levered Advantage Plus fund rose 1.3% and is up 16% on the year. Both of those funds suffered double-digit losses during the financial crisis.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…