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

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.
Comments (7)
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Good job, Mr. Leung :)

     

    Can I ask what allocations you made?

     

    Colin
    29 Aug 2012, 10:26 PM Reply Like
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