The End of the World as We Know it, Paulson Assets Below $20B at Hedge Funds Leaders Forum 2012
Building off of the momentum of past conferences, Golden Networking brings back Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016", now in New York, Chicago and London
Aug. 24, 2012 - PRLog -- (August 20, 2012, New York) Juliet Chung and Amy Or from The Wall Street Journal report that at the beginning of last year, Paulson & Co. was one of the biggest hedge funds in history, managing $36 billion. Today, after a run of losses, the figure is down to $19.5 billion, a remarkable comedown for the firm run by John Paulson, whose winning and losing strategies will be dissected by Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" .
The bad news for Paulson & Co. continued, when it lost a major client. Citigroup Inc.’s private bank decided to stop investing with the Paulson firm, a move expected to lead to withdrawals of about $410 million, people familiar with the situation said. The redemptions are expected to kick in between March 2013 and March 2014.
Citigroup, like some other big banks, invests money from high-net-worth clients in hedge funds. The bank’s hedge-fund “platform”
Citigroup put four Paulson funds on a “watch list” in April indicating it wouldn’t make new allocations to them, the person said. Now, it’s taking the four hedge funds off its platform altogether. The funds to be redeemed from Citigroup’s private bank clients are invested with Paulson & Co.’s Advantage and Advantage Plus funds, its Merger fund and its Recovery funds, the people said.
On September 25 in New York, October 9 in Chicago and December 12 in London, hundreds of the most important players in alternative investments will gather for all-star agendas at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" . A virtual who’s who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.
Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how regulatory and alpha expectation s will impact it. Recognized managers, investors, experts, regulators, and strategists will return to Hedge Funds Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.
Hedge Funds Leaders Forum 2012 is produced by Golden Networking, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.
The bad news for Paulson & Co. continued, when it lost a major client. Citigroup Inc.’s private bank decided to stop investing with the Paulson firm, a move expected to lead to withdrawals of about $410 million, people familiar with the situation said. The redemptions are expected to kick in between March 2013 and March 2014.
Citigroup, like some other big banks, invests money from high-net-worth clients in hedge funds. The bank’s hedge-fund “platform”
Citigroup put four Paulson funds on a “watch list” in April indicating it wouldn’t make new allocations to them, the person said. Now, it’s taking the four hedge funds off its platform altogether. The funds to be redeemed from Citigroup’s private bank clients are invested with Paulson & Co.’s Advantage and Advantage Plus funds, its Merger fund and its Recovery funds, the people said.
On September 25 in New York, October 9 in Chicago and December 12 in London, hundreds of the most important players in alternative investments will gather for all-star agendas at Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" . A virtual who’s who will soon follow as one legendary manager after another will take the stage. Billions of investable assets will be represented by influential local and international investors who will listen with rapt attention as star managers and analysts discuss and debate the biggest issues facing the industry today.
Hedge Funds Leaders Forum 2012, "Getting Ready to Manage $5 Trillion by 2016" will provide attendees in New York, Chicago and London with the most up-to-date review of where this ever-changing industry stands and how regulatory and alpha expectation s will impact it. Recognized managers, investors, experts, regulators, and strategists will return to Hedge Funds Leaders Forum 2012 to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.
Hedge Funds Leaders Forum 2012 is produced by Golden Networking, the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.
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| Tags | : | Hedge Funds Conference, Paulson Funds, Citigroup, Goldennetworking |
|---|---|---|
| Industry | : | Business, Financial |
| Location | : | New York - United States |
Page Updated Last on: Aug 24, 2012