Hedge Fund News From HedgeCo.Net


Billionaire Paulson Backs AngloGold Managers as Top Shareholder

Bloomberg – John Paulson, the hedge fund billionaire who earned an estimated $2.5 billion last year betting against a recovery in the U.S. housing market, said he supports managers of AngloGold Ashanti Ltd. after becoming the South African mining company’s biggest investor.

AngloGold Chief Executive Officer Mark Cutifani “is an outstanding leader,” Paulson’s New York-based firm Paulson & Co. said in a statement late yesterday. “He is focusing on safety, low costs, production, growth and diversification.”

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>