Friday, 29 August 2014
Last updated 6 hours ago
Nov 30 2009 | 12:24pm ET
Paolo Pellegrini can’t begin soliciting money from his former investors at Paulson & Co. until January. And when he does, he’ll have quite a story to tell.
Pellegrini’s new hedge fund, PSQR Management, is up 175.5% since it began trading in April 2008, according to the firm’s first quarterly report. The fund is up 80.84% this year following a 0.31% drop in September, and rose 52.36% in 2008.
PSQR—a play on P-squared for Pellegrini’s initials—has had six down months in its first 18, including two this year. The fund made most of its money this year in January, soaring 66.94%. The only other month in 2009 that it was up or down more than 1% was February, when it rose 5.81%. The fund’s big returns in December—it rose 23.84%--January and February stemmed from its bearishness on long-date U.S. Treasuries, the firm said in the report.
Pellegrini, one of the architects of Paulson & Co.’s hugely profitable bet against subprime mortgages, left the New York-based hedge fund at the end of last year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...