Tuesday, 28 June 2016
Last updated 10 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.