Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

John Paulson Loses $1B in Two Days

Apr 16, 2013
Jing Chen

Hedge fund manager John Paulson’s gold bet has cost him nearly $1 billion in two days.

Bloomberg reported that the tumbling gold price has wiped out $973 million of Paulson’s personal fortune, most of which is invested in his New York-based hedge fund Paulson & Company. The precious metal plummeted 13% in the last two trading days.

The article also said that Paulson & Company “is sticking [to the] thesis that gold is the best hedge against inflation and currency debasement as countries pump money into their economies.”

Paulson rose to fame after making $3.7 billion in 2007 by short-selling subprime mortgages. Paulson & Co. currently manages approximately $18 billion in in assets, down from its $36 billion AuM in 2010.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More