Tuesday, 13 October 2015
Last updated 9 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…