Monday, 28 July 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…