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The Blackstone Group L.P. Message Board

  • sam_0534 sam_0534 Dec 31, 2013 2:45 PM Flag

    Hedge fund results.. STAY was a BX IPO..great comany

    John Paulson's Paulson Recovery Fund, after a mixed period in which his company's assets under management dropped precipitously, is ending the year up roughly 60 percent, according to an investor. Those returns are thanks greatly to the financial stocks in its portfolio, names like Blackstone, Apollo, and CNO Financial, which make up three-quarters of the fund's holdings, but also to wins in the mortgage sector, like Genworth Financial and Radian Group, says someone familiar with the results, adding that the November IPO of Extended Stay hotels was also a boon.

    Sentiment: Strong Buy

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