Thursday, 18 December 2014
Last updated 16 hours ago
Nov 25 2013 | 12:03pm ET
It isn't exactly 2007, but after the past two years, John Paulson will take it.
Paulson's hedge funds—with one notable exception—have been standouts this year, returning between 14% and 45%, The Wall Street Journal reports. That makes Paulson & Co. among the rare hedge funds to compete with—or beat—the Standard & Poor's 500 Index's 23% return this year.
Paulson told investors at his annual presentation last week that his Recovery Fund is the firm's top performer, up 45% through the end of last month. His merger fund is on the other end, up 14%, though a levered version of that vehicle is up 28%. Only his Gold Fund is in the red this year, and while it is deep in the red, with a 63% loss, it is composed primarily of Paulson's own capital. All told, the firm has about $19 billion in assets under management.
Looking forward, Paulson said that he expects an increase in merger activity next year, particularly in oil, telecommunications and healthcare.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.