Tuesday, 5 May 2015
Last updated 12 sec 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…