Paulson Funds Rise On Gold Investments

Feb 20 2014 | 11:19am ET

Gold was anything but a bright spot for Paulson & Co. last year, as the precious metal's worst year in more than 30 saddled the New York-based hedge fund with huge losses.

This year is proving a different story.

Gold prices have rebounded in 2014, sending Paulson's $400 million PFR Gold Fund up 18% last month. The gold-only vehicle lost big last year, dropping 62% in the first three quarters.

Gold's improved performance has also fueled Paulson's Advantage and Advantage Plus funds, which also boast gold-related investments. The former is up 2.2% and the latter 2.8%. Those funds posted double-digit returns last year in spite of their gold holdings.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of