They are useful for blunting the impact of drops in his most favorite thing in […]
Citigroup’s private bank is pulling about $500 million from Paulson & Co., the hedge fund […]
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
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Dan Egan, Betterment Director of Behavioral Finance and Investing
May was the worst month for hedge funds since October 2008. The HFRX Global Hedge Fund Index lost 2.6 percent. Don’t tell that to Boaz Weinstein. Yeah, he might have lost $1 billion at Deutsche Bank, but that’s old news. Boaz’s Saba Capital (Hebrew for grandfather) bucked the trend in May, up 1.6 percent for the month and 5.8 percent for the year.
John Paulson is racking up big gains in his Recovery Fund, the $2 billion distressed fund that purchased the assets of the former IndyMac Bank. According to Paulson’s latest investor letter, the fund is up 17 percent for the quarter.