John Paulson to invest $250m in new gold fund
Hedge fund manager John Paulson plans to invest as much as $250m of his $6bn personal fortune in a new gold fund he is in the process of establishing.
Paulson & Co., one of the largest and most successful hedge fund firms of recent years, is set to own almost 10% of Conseco Inc. as part of an effort by the insurer to boost waning capital levels.