Wed, Nov 26, 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

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to