Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
Mostly due to a killer Memorial Day weekend BBQ out east, but he’ll take what he can get.
The Paulson Partners Enhanced fund, a merger-arbitrage strategy that uses leverage to amplify gains, rose 1.9 percent last month and 4.8 percent year to date, said the person, who asked not to be identified because the information is private. The Credit Opportunities fund gained 1 percent in May and is up 7.4 percent this year….
Paulson’s firm posted losses in its event-driven funds last month, the only one of its main strategies to post declines, as positions in gold miners slumped, the person said. The Paulson Advantage Plus fund, which employs leverage, dropped 3.7 percent in May and is down 2 percent this year.
Its unlevered event-driven Advantage fund fell 2.3 percent last month and 3.4 percent in 2014….
Paulson’s Recovery fund climbed 1.8 percent last month and 2.8 percent this year as positions in banking, hotels and telecommunications contributed to gains, the person said.
The firm’s Paulson Partners fund, a similar strategy to the levered merger pool, rose 0.9 percent in May and 3.3 percent this year, helped by gains in telecommunications, health care, energy and post-reorganization equities, the person said.
Paulson’s Hedge Funds Said to Advance in May on Stock Rally [Bloomberg News]