Mon, Sep 22, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali