Paulson & Co., founded in 1994 by John Paulson, opened new positions in 4Q 2013. In this series, we will discuss some of the main positions traded during the quarter. The top new positions and increases are outlined in the table below. According to a Bloomberg report last year, the New York-based firm’s advantage strategy was up 30% in 2013, and the recovery fund rose 55%. The hedge fund manager seems to be focusing on event-driven investing, according to media reports. Although the size of the firm’s holding in the gold exchange-traded fund SPDR Gold Trust remained unchanged, the value of the position declined to $1.19 billion in 4Q 2013 from $1.31 billion in 3Q 2013.
Article continues below advertisement
More From Market Realist