SkyBridge Boosts Paulson Investments

Jan 2 2014 | 1:22pm ET

Paulson & Co. is managing nearly a half-billion extra dollars, courtesy of SkyBridge Capital.

The New York-based firm's fund of hedge funds arm allocated $490 million to Paulson in the six months ended Sept. 30, according to a regulatory filing. The move—which accounts for some 15% of the SkyBridge fund's invested capital, is part of SkyBridge's shift from bonds to stocks.

Most of the money—$399 million—went to Paulson's Recovery Fund. Another $91 million went to Paulson Partners Enhanced. Both funds did extremely well by investors last year, with the former rising 55% through November and the latter 28%.

SkyBridge also invested $152 million in JANA Partners' Nirvana Fund in the second and third quarters, and added $55 million to its investment with Third Point. The firm also boosted its investments with Marathon Asset Management and Premium Point Investments.

SkyBridge redeemed from Structured Portfolio Management and Karya Capital Management, and cut back on its investments with Pine River Capital Management and Phoenix Investment Adviser.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.