Wednesday, 24 December 2014
Last updated 8 hours ago
Dec 6 2007 | 8:17am ET
New York-based Paulson & Co.’s hedge funds, up triple digits this year, experienced lower returns in November, as many hedge funds tanked.
The $28 billion hedge fund manager’s Credit Opportunities I fund is up almost sixfold year-to-date, and its Credit Opportunities II fund more than threefold, on bets against subprime mortgages. The firm has been cutting back on its mortgage investments recently. The decline in returns may be a result of the cutbacks.
Credit Opportunities I rose 5.78% last month, MarketWatch reports, and is up 587.5% through the first 11 months of the year. Credit Opportunities II rose 4.86%, and is up about 350%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.