John Paulson is starting a new gold fund. Interestingly, Paulson is aiming to beat the performance of gold itself by investing in derivatives.
Mr. Paulson spoke about the new fund, which will begin on January 1, at a meeting with his investors Tuesday in New York. The gold fund will invest in gold-related shares and gold derivatives and will aim to outperform gold prices.”
Paulson’s hedge fund has its largest share in gold (KGC and AU), around $30 billion. The new fund is “dedicated to buying up shares of gold miners and other bullion-related investments, according to three investors.”
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