Sun, Jan 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Most of Paulson’s funds rise in November

Monday, December 09, 2013

Precy Dumlao, Opalesque Asia:

John Paulson’s main hedge fund, the $2.4bn Recovery Fund, which bets on the recovery in the U.S. economy is up 57.6% YTD after a 9.9% gain in November thanks to investments in financials, according to media reports.

Other Paulson fund also generated good returns last month, said The Journal. His $2.3bn Advantage Fund rose 7.8% betting on health care and defaulted securities; it is now up 22.7% YTD.

Another of Paulson’s fund, the $5.5bn Paulson Credit Opportunities Fund, took advantage of post re-organization equities and defaulted securities that contributed to 4% gains; it is up 21.3% YTD.

All three funds also made money from the initial public offering of hotel company Extended Stay America Inc.

However, Paulson International, a $6.4bn merger arbitrage funds produced less success but still ended the month on positive territory with 1.6%, and is up 14.1% YTD. A leveraged version of the same strategy, the Paulson Enhanced Fund gained 3.2%, and is up 29.9% for the year.

In another report, Bloomberg said that Paulson & Co., which gained popularity for making $15bn for investors betting against the subprime mortgages in 2007, saw a major rebound the past few months after losses tied t......................

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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  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 fund’s 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 capital—down from the roughly $100 million it ran as of late March. "I take r