BY GREGORY ZUCKERMAN
One of the biggest investors is placing a big new bet on gold.
John Paulson who scored about $20 billion of profits for his hedge fund between 2007 and early 2009 wagering against the housing market and financial companies is launching a fund dedicated to buying up shares of gold miners and other bullion-related investments according to three investors.
Mr. Paulson spoke about the new fund which will begin on January 1 at a meeting with his investors Tuesday in New York. The gold fund will invest in gold-related shares and gold derivatives ...
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