Thursday, 26 November 2015
Last updated 1 day 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%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…