Paulson Funds Rise

Jul 1 2014 | 8:32am ET

Two Paulson & Co. strategies have outdone their peers through the first five months of the year, the firm told clients at its mid-year meeting.

The New York-based hedge fund’s credit opportunities fund is up 6.6% through the end of May, Reuters reports. Firm founder John Paulson said at the June 12 event in London that the portfolio is “fully invested” and designed to continue to earn such returns through next year, “outperforming in a low-yielding environment.”

Paulson also discussed the firm’s merger arbitrage strategy, which is up 3.3% over the same period. He said that merger arbitrage spreads are “becoming attractive,” citing Valeant Pharmaceuticals International’s hostile bid for Allergan Inc. and Mallinckrodt’s deal for Questor Pharma.

The talk came some two weeks before Paulson announced a big stake in Allergan and his support for Valeant’s offer, on which it is working with Pershing Square Capital Management.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note