Wednesday, 27 August 2014
Last updated 5 min ago
May 8 2014 | 1:39pm ET
Greece’s recovery and rising gold prices paid off for Paulson & Co. in the first quarter.
The New York-based firm’s Recovery Fund jumped 5.58% in the year’s first three months, Paulson told investors. The firm credited strong returns from two Greek banks, Alpha Bank and Piraeus Bank, for the gains—and said it expects “new opportunities” as Europe continues to emerge from the economic crisis.
Paulson’s Advantage Plus Fund was hit hard in March, dropping 7.4%, but remains up 4.31% on the year.
In addition to the Greek bets and gold gains, Paulson said that it has earned 131% on its Genworth Financial investment, with more gains to come “if the company chooses to spin-off its mortgage insurance and other life insurance businesses into two separate companies.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...