Golden windfall for John Paulson
|December 8th, 2009||
|John Paulson, hedge fund billionaire and founder of Paulson & Co., may have earned $45.3 million in a recent investment in gold company Detour Gold Corp (DGC.CN. According to Bloomberg, Detour Gold is the latest in a series of investments Mr. Paulson has made in gold companies. He is also reported to be planning to launch a gold hedge fund next month with $250 million of his own money.|
Paulson & Co. was founded in 1994 by Paulson, the firm’s current president and senior fund manager, who made billions making a bold against the US mortgage industry.
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