Paulson Starts A New Gold Fund

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John Paulson is starting a new gold fund. Interestingly, Paulson is aiming to beat the performance of gold itself by investing in derivatives.

The Wall Street Journal reports:

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.”

Read the whole thing.

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