Wednesday, 27 August 2014
Last updated 5 hours ago
Apr 25 2013 | 10:59am ET
Paulson & Co. is not spooked by the recent swoon in gold prices—a swoon that cost firm founder John Paulson in excess of $1 billion. But while the New York hedge fund remains confident in its huge bet on the precious metal, it warns there may be more bumps in the road.
John Reade, a partner at Paulson, told investors on a conference call yesterday that the firm would stay the course with its gold investments. Paulson's thesis is that continued quantitative easing will eventually lead to a spike in inflation that will send gold soaring.
But Reade told clients that there could be more price fluctuations in the short term, Reuters reports.
Gold suffered its worst two-day drop in 30 years earlier this month. The metal's price has since stabilized and recovered somewhat.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…