Three Of John Paulson's Funds Made A List No Hedge Fund Wants Make
Reuters
Now that we're in November, you're going to start seeing a lot of these.
All three fund's - Paulson Recover, Paulson Adavantage, and Paulson Adavantage plus were within the top 10 worst performers. We got the list via @LadyFOHF on Twitter, you can check it out below.
Paulson runs a $19.1 billion fund overall, and the fund's on this list only make up $4.5 billion of that - so it could be worse.
However, the problem is that while Paulson's other funds may not have made the list of worst performers, they're also not doing that great this year either.
Last month, Paulson's biggest stock holding, pharmaceutical firm Shire, crashed when it announced that it would not complete a merger with Abbvie, another pharma. The stock fell 22% in one day.
Betting on this deal was a huge part of Paulson's merger strategy, and his $9.2 billion merger fund fell 14% in October, Bloomberg reported.
Paulson's other strategies include credit and gold. There's about $5.1 billion in the credit fund, which lost 6.8% in October.
The rest of Paulson's money (about $1.1 billion) is in his gold fund. The commodity is down slightly having started the year at $1201 and currently sitting at $1196. It peaked on March 13th at $1392.
Last year Paulson told investors that he may not add to his gold fund.
So there's that.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market