Sun, Apr 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Paulson is sticking with gold

Thursday, April 25, 2013

From Komfie Manalo, Opalesque Asia – Beaten black and blue and losing close to $1bn over gold’s sell off the past weeks, John Paulson, the billionaire hedge fund guru told investors he would stick with gold, confident that the yellow metal will bounce back, various media reported.

In a gathering with investors late Wednesday, Paulson assured the crowd that the price of the yellow metal would go up again and that gold will once again be a powerful hedge against inflation, Reuters said.

A separate report by CNBC quoted Paulson as telling his investors during the hour-long gathering that he still expects the short-term volatility in gold to continue.

Paulson’s gold fund was down 28% in the first quarter of 2013 and further lost nearly $1bn. According to a report by Investment Week, Paulson’s gold fund lost some $973m due to the gold sell off, and brought his personal year-to-date losses to $1.52bn.

But the yellow metal made a comeback Monday after prices went above $1,400 per troy ounce after taking a massive beating over the past week, said CNN. However, the gold prices are ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner