Tuesday, 2 September 2014
Last updated 3 hours ago
Nov 18 2009 | 1:17pm ET
Paulson & Co. poured billions into gold-related investments this year. Next year, he’s taking his newfound love of the precious metal to a whole new level.
The New York-based hedge fund will launch a dedicated gold hedge fund on Jan. 1. Firm founder John Paulson announced the new fund at a meeting with investors yesterday.
Paulson told investors that the gold rally was only just beginning, and pledged to invest $250 million of his own fortune in the new vehicle, The Wall Street Journal reports.
The Paulson gold fund will invest in gold-mining companies and other gold-related equities, as well as gold derivatives. The fund will seek to outperform gold prices.
Earlier this year, Paulson moved about 10% of his firm’s $30 billion into gold and gold-related investments.
Paulson's gold-only fund follows a similar announcement from Stanley Fink's International Standard Asset Management last month.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...