According to the Bloomberg, John Paulson lost almost $1 billion of his own money in two days. The hedge fund manager, who has almost all of his personal wealth invested in the funds at Paulson and Co. with gold denominated shares, lost $973 million in trading on Friday and Monday alone. The manager has been a big fan of gold for some time, and his funds have invested heavily in gold stocks in the past. Since the start of the year the hedge fund manager has lost more than $1.5 billion of his own money, simply because his holdings are…
John Paulson Loses $1 Billion In Two Days
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.