Golden windfall for John Paulson

December 8th, 2009
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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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Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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