John Paulson's new Gold hedge fund loses 14% in January
| February 16th, 2010 | ||
| John Paulson's gold focused hedge fund was launched in January and managed to lose 14% during its first month. The hedge fund, which invests in mining companies and bullion-related derivatives, has a longer term horizon, having locked-up investor’s assets for a minimum of three years. According to a Bloomberg article, Mr. Paulson’s firm Paulson & Co. launched the fund because they believe that gold prices will increase in the long term. Mr. Paulson is reportedly the Gold hedge fund’s largest investor, having invested $250 million. | ||
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Paulson & Co. |
Related People: Andrew Hoine;
Related Entities: Paulson Advantage Master Ltd;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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