Paulson Funds Rise On Gold Investments

Feb 20 2014 | 12:19pm 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

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of