Paulson fund looses another 10% in August on top of 22% loss at end of July

Discussion in 'Wall St. News' started by ASusilovic, Aug 9, 2011.

  1. Things have gone from bad to worse for Paulson & Co.

    The New York-based hedge fund giant’s largest hedge fund, already down 22% through the end of July, has lost about half as much again since the beginning of this month. Both the Advantage Plus and Advantage funds are down between 10% and 11% in August, CNBC reports.

    Advantage was down about 15% through July.

    On the bright side, the Paulson funds haven’t been hit quite as hard as the Standard & Poor’s 500 Index, which has lost 13.37% this month.

    Paulson’s funds were down by double-digits as late as September of last year before rallying to end 2010 up 11%. But the funds were never down by this much at any point last year.

  2. Two top, if downtrodden, hedge funds bucked their peers in July to get back into the black.

    While the average hedge fund muddled through a middling (at best) month, Renaissance Technologies and Tudor Investment Corp. turned things around to start the second half. The former's Institutional Futures Fund rose 4.44% last month to bring its year-to-date returns back above break-even at 1.85%, reports. The latter's Momentum Fund did nearly as well, rising 4.11% to bring its 2011 return to 0.71%.

    Both funds took it on the chin during a brutal May and June for the hedge fund industry. RenTech's largest fund lost 4.95% in May and 1.94% in June, while Tudor Momentum dropped 6.75% and 1.6%.

    Tudor's Tensor Fund also posted gains last month, rising 1.48%. But it remains down 6.08% on the year.
  3. Yeah, but he is a professional. And he has a long term live track record, so large instit. will invest in his funds.
    Both qualities meaning big fat zero, if he does not use common sense.

  4. Only down ~30%.

    Nothing to lose your pants about.