Tags: Paulson | Gold | Fund | Loss

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

Wednesday, 06 June 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 2020 Bloomberg News. All rights reserved.


   
1Like our page
2Share
85
2012-58-06
Wednesday, 06 June 2012 12:58 PM
Newsmax Media, Inc.
 
Newsmax TV Live

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