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BofA's (BAC) Wealth Management division is holding a conference call tomorrow with Paulson &...

Monday, August 27, 2012, 6:19 PM ET
BofA's (BAC) Wealth Management division is holding a conference call tomorrow with Paulson & Co.'s John Paulson, giving the firm's retail advisors and clients a chance to take a shot at his disappointing year-to-date performance. So far in 2012, Paulson's Advantage Plus fund is off 18%, while his Advantage fund is down 13%. Remember, this is on the back of declines in 2011 of over 50% and 36%, respectively, and comes just days following Citigroup's (C) announcement that its Private Bank was pulling $410M out of Paulson's funds.

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This news story has 7 comments:

QuantRec Comments (439)

Good luck with that hedge fund investors.

Huge losses repeating. You would have done much better with simple index funds...

27 Aug 2012, 06:43 PM Reply Like

Brian Bobbitt Comments (1347)

Are we talking about one or two investments within BAC or all of BAC getting in trouble for this small downturn? (as the rest of the world falters, I am not to upset with a 20% downturn, unless the profits are gone too. Boy, would I like to get all the facts just once.

Capt. Brian
The Lost Navigator

27 Aug 2012, 07:27 PM Reply Like

WisPokerGuy Comments (395)

Tic Toc John... The expiration date on your reputation is coming up fast. This ain't 2008 anymore.

27 Aug 2012, 07:27 PM Reply Like

schuhman Comment (1)

I had a nice run with brevan Howard and Skybridge but have never been a Paulson fan.

Schuhman

27 Aug 2012, 09:06 PM Reply Like

jc808 Comment (1)

So is the bottom going to drop out of BAC? I guess it is not a very good buy right now.

27 Aug 2012, 09:07 PM Reply Like

citizenleung Comments (189)

Wow--my buy and (mostly) hold portfolio outperformed Paulson's Advantage Plus by 235% over the same period! When can I start a hedge fund? If only Goldman Sachs would have let me short some hand-picked, AAA-rated securities backed by nonperforming loans. Oh well.

28 Aug 2012, 01:12 AM Reply Like

Colin Doyle Comments (579)

Good job, Mr. Leung :)

Can I ask what allocations you made?

Colin

29 Aug 2012, 10:26 PM Reply Like

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