Tags: Paulson | Gold | Fund | Loss

Paulson Gold Hedge Fund Said to Extend Slump With 13% May Loss

Wednesday, 06 Jun 2012 12:58 PM

John Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, posted a 13 percent decline last month in his Gold Fund as bullion and mining stocks fell, said a person briefed on the returns.

The loss leaves the fund, which can buy derivatives and other gold-related investments, down 23 percent this year.

Armel Leslie, a spokesman for New York-based Paulson & Co., which manages about $24 billion, declined to comment on the returns, some of which were reported earlier by Business Insider.


© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
85
2012-58-06
Wednesday, 06 Jun 2012 12:58 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved