Monday, 29 December 2014
Last updated 2 hours ago
Dec 8 2008 | 1:26am ET
While the hedge fund industry saw its losing streak continue in November, John Paulson extended his winning streak.
New York-based Paulson & Co.’s largest hedge funds both added to their year-to-date gains last month, and while the average hedge fund stumbles toward 2009 with double-digit losses, Paulson’s are following up their triple-digit 2007 with a double-digit 2008.
The firm’s $10 billion Advantage Plus Fund added 3.19% in November, bringing its year-to-date returns to 33.52%. The $5 billion Advantage Fund returned 2.04% last month, and is up a more modest 21% on the year, Reuters reports.
Both funds rewarded investors with returns in excess of 100% last year, after Paulson successfully shorted subprime mortgages.
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.