Monday, 26 September 2016
Last updated 2 days ago
Aug 7 2014 | 4:54pm ET
Paulson & Co.’s hedge funds fell across the board as stocks swooned in July.
The firm’s Advantage Plus Fund fell 5.3% last month and is down 3% on the year. The unlevered Advantage Fund dropped 4.4% and is now down 4.1% on the year. Paulson’s Recovery Fund also gave back all of its first-half gains in July, sinking 4.9%. It is now down 0.6% year to date.
Paulson’s other funds merely saw their year-to-date gains pared. Paulson Partners dipped 1.3% to cut its 2014 return to 5.1%. Its Credit Opportunities Fund fell 1.4% and is up 7.5% year to date.