Paulson hedge fund up 12.5 % in September...

Discussion in 'Wall St. News' started by ASusilovic, Oct 4, 2010.

  1. As stocks struggled during much of 2010, bullish hedge-fund managers like John Paulson looked like naive optimists.

    They got their revenge in September. Mr. Paulson, who racked up losses during the first eight months of the year and was criticized for an upbeat view on markets, enjoyed gains of about 12.5% in his biggest fund in September, according to an investor. Those returns trounced the 8.8% gain for the Standard & Poor's 500-stock index, its best September since 1939.

    A number of hedge-fund investors have become more bullish in recent weeks. Some cite the ability of the euro to rally, ...

    There is a recognition among some hedge funds that "buying a 10-year U.S. Treasury at only 2.50% leaves little room for appreciation and plenty of risk to the downside," says Alan Zafran, co-founder of Luminous Capital, a Los Angeles-based investment adviser that invests in hedge funds. "Our managers have been increasing their equity exposure, particularly in large-cap, global franchises with high earnings yields" such as Coca Cola Co., Johnson & Johnson and Microsoft Corp., Mr. Zafran says.

    Just in case you are unaware of the "fact" who is running "the show"... :cool:
  2. By the way : nice screenplay to let David Tepper appear on CNBC and proclaim "the FED action will make "everything go up"...LOL !
  3. S2007S


    Must feel good to have Billions under management and get the chance to talk up the markets on cnbc, yelling that the "FED IS YOUR FRIEND" and that no matter what everything is going to do well and move higher. At this point everyone can agree that there is no such thing as a free fucking market anymore, thanks to massive intervention and even more intervention to come. Anyone who is joyful for more quantitative easing is a fucking fool.
  4. QE II = propaganda trick.
  5. Oct. 6 (Bloomberg) -- John Paulson, who became a billionaire by betting against U.S. mortgage markets, gained 12.4 percent with his main hedge fund in September to erase this year’s loss, said two people briefed on the performance.

    Returns at New York-based Paulson & Co.’s Advantage Plus Fund, which uses strategies designed to profit from corporate events such as mergers or bankruptcies, improved as the Standard & Poor’s 500 Index posted its biggest rally for the month since World War II. Advantage Plus fell 4.3 percent in August before beating the S&P 500’s 8.8 percent increase last month.

    Paulson’s Credit Opportunities Fund rose 3.9 percent in September, bringing its year-to-date return to 9.6 percent, according to the people, who asked not to be identified because the information isn’t public. The Recovery Fund advanced 8.5 percent last month and 7.5 percent this year, while the Gold Fund jumped 5.7 percent in September and 22 percent this year.

    Paulson & Co., which oversees about $31 billion, had bet on an economic recovery by 2012 before scaling back its bullish investments in securities earlier this year. Paulson, 54, said he believes the global recovery remains intact, and that he expects to make money in the next two years with the stocks of companies going through bankruptcies, restructurings and reorganizations.

    Stocks worldwide have pared declines to a loss of 3.1 percent from the 2010 high reached in mid-April. U.S. growth slowed to a 1.7 percent pace in the second quarter from 3.7 percent in the first quarter, according to revised data released Sept. 30.

    Paulson’s September returns were reported by Reuters earlier today.

    Herd leader : "David Tepper, ready for CNBC interview ? Go ! It´s so easy to identify the "market manipulators"... :cool:
  6. ixus


    Corn +20%
    Rough Rice +10%
    Soybeans +10%
    Wheat hit +8%
    Cotton +10%
    Sugar +20%

    That's in Sept, now if you went back to June/July (and added Coffee to that).....

    If you were holding a long position in ANYTHING it's not hard to have made money in Sept and now Oct with the Dollar collapse....
  7. BFD I am beating his fund by quite a good margin.

    Q1 - 20.97
    Q2 - 18.26
    Q3 - 10.08 (Underperformed S&P Q3)
    Q4 - 1.40 so far :D (Underperforming S&P so far Q4) lets see how Q4 ends.
  8. LEAPup


    KOS, are those -20.97, -18.26, - 10.08, and -1.40 quarterlies?:eek:

    Just messing with ya!:D Good job!
  9. blox87

    blox87 Guest

    Goldman, paulson, soros, ect. all need people on the other side of their trades so listening to any of the above probably isn't the best idea. Goldman packages up instruments for their clients and then take other side of the trade . Lol ....

    all this "stocks can only go up with QE2" talk is making me feel like a huge drop is coming.
    #10     Oct 6, 2010