Wed, Jul 30, 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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass