Although gold is perched near its highest levels in nearly three weeks, investors remain wary of buying it. BofA analysts note that market players have largely liquidated their bullish bets on gold: at USD 2.1 billion, bullion long positions are hunkered at their lowest levels since 2002, the bank said.
Hedge fund billionaire John Paulson's best-known fund is down 2.4 percent in April, largely due to the sharp selloff in gold, a source familiar with the numbers said on Thursday.
The blows keep coming for hedge fund manager John Paulson, with Citi Private Bank deciding it will withdraw USD 410 million from his Paulson & Co hedge fund, according to people familiar with the decision.
Julian Robertson, founder of Tiger Global Management and newly-appointed chairman of private equity fund Forstmann Little, sees great potential in China but warns investors should proceed with caution.
John Paulson could face a two-pronged problem in the coming weeks as outside investors and possibly even some of his own employees walk in the wake of the hedge fund firm's worst-ever returns.
The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.
A humbled John Paulson told investors on Thursday he was "too aggressive" with some of the stock bets in his flagship funds and he is trimming back some of his riskiest holdings.
Billionaire hedge fund manager John Paulson has won a licence from the Securities and Futures Commission in Hong Kong to deal in securities, records on the market regulator's website show.