Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Paulsonís hedge fund loses 27% in Aprilís gold rout

Wednesday, May 08, 2013

From Komfie Manalo, Opalesque Asia Ė 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, Paulsonís 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 fundís assets are now below $5bn. Overall, Paulsonís 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

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 TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner