Wed, Jan 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Paulsonís gold fundís losses widen, down 23% in June (-65% YTD)

Tuesday, July 09, 2013

Komfie Manalo, Opalesque Asia:

Hedge fund manager John Paulson is under extreme pressure after his gold fund plunged 65% so far this year (-23% in June), after the yellow metal fell 12% that month on concerns that the Federal Reserve might scale back on its quantitative easing program, various media reported.

According to a report by the Reuters, it was unclear if the June sell off in gold was the primary reason for the 23% decline in Paulsonís PFR Gold Fund or if his bets on borrowings and derivatives also contributed.

Paulsonís gold fund manages an estimated $300m, roughly 2% of his total assets, using mostly his personal money. The gold fund is also Paulsonís smallest portfolio. At one point it managed almost $1bn, rose 35% in 2010 and was part of Paulsonís estimated $5bn income that year, says Reuters.

The report quotes John Brynjolfsson, managing director of global macro hedge fund Armored Wolf as saying, "Paulsonís impact on the gold market is dramatic. In particular his size alone, on the way in or way out. But one needs to look beyond his size alone because his positions are relatively widely publicised, and representative of how others are thinking, so thereby their impact get......................

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 - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertsonís legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fundís assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capitalódown from the roughly $100 million it ran as of late March. "I take r