Sat, Aug 23, 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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added