Paulson & Company, the hedge-fund firm run by billionaire, John Paulson, is launching a gold fund, The Wall Street Journal reports. The gold fund will invest in gold-related shares, mining companies and bullion-related derivatives.
Paulson will invest $250 million in the new gold fund. Paulson is a major holder of gold shares, including AngloGold Ashanti and Kinross Gold, and has more than 10% of his $30 billion under management in gold-related investments.
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