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Jul 17, 2013

Paulson says his funds’ fortunes are up; bullish on buying homes

NEW YORK (Reuters) – Hedge fund billionaire John Paulson wants the world to know he is having a good year.

After two years of losses in his once enormous Advantage Funds, Paulson has something to brag about in 2013 with his Recovery fund up 25.22 percent and his Paulson Enhanced fund up 15.63 percent. The Paulson Credit Opportunities fund is up 11.2 percent, even after some losses in June.

Jul 17, 2013

Analysis: Top fund managers were blindsided by U.S. bond market carnage

By Jennifer Ablan and Katya Wachtel and Tim McLaughlin

(Reuters) – The plunge in the U.S. Treasuries market in the past couple of months may well have been one of the most well-telegraphed reversals in financial market history.

Top money managers and investment strategists had warned the U.S. Federal Reserve was likely to soon begin paring back its bond-buying stimulus if U.S. economic data remained robust.

Jul 17, 2013

Top fund managers were blindsided by U.S. bond market carnage

July 16 (Reuters) – The plunge in the U.S. Treasuries market
in the past couple of months may well have been one of the most
well-telegraphed reversals in financial market history.

Top money managers and investment strategists had warned
the U.S. Federal Reserve was likely to soon begin paring back
its bond-buying stimulus if U.S. economic data remained robust.

Jul 8, 2013

Paulson’s gold fund plunges 65 percent through June

BOSTON, July 8 (Reuters) – Hedge fund manager John Paulson’s
gold fund has lost 65 percent so far this year after the
portfolio declined 23 percent last month, two people familiar
with the fund said on Monday.

Gold had been one of the billionaire investor’s winning bets
a few years ago but not this year; his investments in gold and
gold miners have suffered double digit losses for the past three
months.

Jul 8, 2013

Hedge funds in June post first decline of the year

NEW YORK (Reuters) – Hedge funds recorded their first monthly loss in eight months in June, as they battled volatile stock and bond markets, according to data published on Monday by industry tracker Hedge Fund Research.

On average, hedge funds lost 1.3 percent last month, while the broader S&P 500 stock index fell about 1.7 percent. The decline came after seven months of gains, which had been the longest run of positive performance since 2011 for the $2.25 trillion hedge fund industry.

Jul 8, 2013

Paulson’s gold fund has fresh double-digit loss in June

BOSTON, July 8 (Reuters) – Hedge fund manager John Paulson’s
gold fund has lost 65 percent so far this year after the
portfolio declined 23 percent last month, two people familiar
with the fund said on Monday.

Gold had been one of the billionaire investor’s winning bets
a few years ago but not this year; his investments in gold and
gold miners have suffered double digit losses for the past three
months.

Jul 5, 2013

A cruel, cruel summer for U.S. credit funds

NEW YORK, July 5 (Reuters) – It’s shaping up to be a brutal
summer for bond investors as the bloodbath in the U.S. credit
market shows no signs of letting up, even as nearly $80 billion
has already been wiped from funds.

The past six weeks have been humbling for well-known fund
managers including Bill Gross of PIMCO, Jeffrey Gundlach of
DoubleLine Capital and Ray Dalio of Bridgewater Associates – all
victims of a violent sell-off in U.S. Treasuries,
mortgage-backed securities or inflation-protected bonds.

Jul 3, 2013

Hedge funds hit by June sell-off even as many still boast 2013 gains

BOSTON/NEW YORK, July 3 (Reuters) – Sharp market sell-offs
in June tripped up many veterans in the $2.25 trillion hedge
fund industry with big name managers including Daniel Loeb,
Barry Rosenstein, David Einhorn and Leon Cooperman nursing
losses for the month.

Many funds were caught off guard by the deep market sell-off
triggered by Fed Chairman Ben Bernanke’s comments that the
central bank may consider tapering its easy money policies,
including billions a month in bond purchases, by year-end.

Jul 2, 2013

Cohen’s $15 billion SAC Capital up 1.5 percent in June: source

NEW YORK (Reuters) – June was a tough month for hedge fund billionaire Steven A. Cohen on the insider trading investigation front, but it did not show up in the performance of his $15 billion SAC Capital Advisors, which posted a 1.5 percent gain, according to an investor familiar with the numbers.

For the year, that SAC Capital main fund is up about 8.25 percent after fees, the source said. SAC charges some of the highest fees in the $2.2 trillion hedge fund industry.

Jun 25, 2013

More big-name hedge funds nurse wounds from bond sell-off

NEW YORK (Reuters) – One of last year’s top-performing hedge fund managers, Deepak Narula, is suffering a reversal of fortune as the mortgage bonds that steered him to the top of the industry in 2012 are now delivering losses.

His Metacapital Management’s roughly $1.5 billion flagship fund was down 5.66 percent for the year through June 14, according to an investor with knowledge of the numbers.

    • About Katya

      "Katya Wachtel is a hedge fund and big money reporter for Reuters. She hails from Melbourne. Australia, not Florida. You can contact her at katya.wachtel@thomsonreuters.com"
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