By James Quinn
Mr Paulson, best known for making $3.7bn from bets on the collapse of the US sub-prime mortgage market, is believed to have told investors that the new fund, to be run by Paulson & Co, will invest not just in gold miners but also in other investments related to the precious metal.
Although not Paulson & Co’s first foray into gold, given approximately 10pc of the $30bn it has under management is in gold-related investments, it would be the firm’s first pure-play gold fund.
No fund-raising cap is thought to have been set at the moment, but Mr Paulson’s personal commitment is considerable and is likely to be seen as a highly attractive draw by investors.
Continue reading John Paulson To Invest $250m In New Gold Fund
Update:
Paulson’s Golden Investors Have to Commit $10 mln
Reuters (20 Nov 09)