Wed, Oct 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Paulson’s hedge fund loses 27% in April’s gold rout

Wednesday, May 08, 2013

From Komfie Manalo, Opalesque Asia – Hedge fund guru John Paulson was reported to have lost 27% in April alone after the yellow metal plunged, various media reported.

According to Reuters, Paulson’s gold fund lost an estimated nearly a $1bn last month bringing to 47% his year-to-date losses for his gold fund.

The report added that Paulson told his investors of the losses on Monday and said that his Advantage fund also fell 0.8% last month after it was hit by the gold price sell-off. However, the fund was still up 2.5% in the first four months of 2013.

Advantage fund’s assets are now below $5bn. Overall, Paulson’s assets declined to $18bn from a high of $38bn in 2011 after investors withdrew their funds and poor performance.

A separate report by to Bloomberg, added that the SPDR Gold Trust, the largest bullion exchange-traded fund held by Paulson, fell to its lowest level in four years as the U.S. equities moved up to record highs.

On Monday, gold holdings declined 0.4% to 1,057.79 metric tons, its lowest level since March 2009. Last April SPDR assets slumped 12%.

Bloomberg added that the yellow metal slumped in April as investors saw opportunities in riskier assets after be......................

To view our full article Click here

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t