Tuesday, 21 October 2014
Last updated 7 hours ago
Nov 7 2013 | 11:30am ET
Paulson & Co.'s main hedge funds added to their big 2013 returns in October.
None of the firm's funds bested the Standard & Poor's 500 Index in October, but they are among the rare hedge funds this year whose performance stands up to—or, in one impressive case, exceeds—that benchmark.
Paulson's Recovery Fund added 4% last month, bringing its year-to-date return to 45%. The firm's Advantage Plus Fund rose 2.9% and is up 21% on the year, while its less highly-levered Advantage Fund added 2% to hit 15% for 2013.
The $18 billion firm's Credit Opportunities Fund returned 1.8% in October and is up 17% on the year, while its Partners Enhanced Fund inched up 0.3% to reach 25% for the year, Bloomberg News reports.
Paulson reports the performance of its dedicated gold fund separately.
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 ...