Mon, Feb 8, 2016
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. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  2. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  3. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  4. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider