Thu, Jul 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Paulson assures investors he is still in the game

Wednesday, August 29, 2012

From Komfie Manalo, Opalesque Asia – John Paulson, whose hedge fund firm has nearly $20bn in assets under management, on Tuesday assured his investors that he is still very much in the game and that his gold bets are expected to pay off, during a conference call sponsored by the Bank of America, various media reports said. He has been posting double-digit losses for two straight years.

Paulson’s two main hedge funds, the Advantage and Advantage Plus fell 36% and 50% respectively in 2011, according to a report from Reuters. Last month, Advantage Plus declined by 2% (-18% YTD), which made some of Paulson’s biggest investors nervous.

Last week, Citigroup Private Banking reported it was pulling out an estimated $500m from Paulson & Co.'s Advantage Fund and Advantage Plus Fund; this was a major blow for Paulson and further eroded investors’ confidence.

But Spencer Boggess, Bank of America’s director of hedge-fund investments, who hosted Tuesday's call, ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner