Alternative Market Briefing

Performance – European hedge fund stars profit in buoyant January, Paulson’s Advantage Plus hedge fund said to rise 5% in January

Monday, February 06, 2012

European hedge fund stars profit in buoyant January From Reuters.com: Star European hedge fund managers including Crispin Odey and Pierre Lagrange were among the top performers in an upbeat January for the industry, as the European Central Bank's cash boost for battered banks fuelled a stock market rally.

Shrugging off a disappointing 2011, in which the average hedge fund lost around 5 percent according to HFRI, managers profited from gains in most assets as investors bet a solution could be found for the euro zone's deepening debt crisis. "All markets were up in January, it was just a very good month all the way around," said Lisa Corvese, managing director for global business strategy at hedge fund software group PerTrac, which looks closely at hedge fund performance… Full article: Source

Paulson’s Advantage Plus hedge fund said to rise 5% in January From Bloomberg.com: John Paulson, the billionaire money manager who had his worst year on record in 2011, posted a 5 percent gain in January in one of his largest hedge funds as all strategies rose, according to a person briefed on the returns.

Paulson & Co., which is based in New York and manages about $24 billion, lost money in what he called an “aberrational year” on investments including Citigroup Inc., Bank of America Corp. and Sino-Forest Corp. (TRE), the Chinese forestry ......................

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