Paulson Plans Gold-Only Hedge Fund

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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