Wednesday, 30 July 2014
Last updated 11 hours ago
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.
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…