John Paulson
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Nationalists in Kyrgyzstan are threatening to return to the streets to topple another government unless it expropriates the Kumtor goldmine, a treasure they say was sold off too cheaply to foreigners.
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LONDON, Jan 9- Betting against the European Central Bank, and the eurozone's survival in general, proved a costly strategy for hedge funds in 2012..
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LONDON, Jan 2- The entry of new investors like hedge funds into the reinsurance market is likely to keep prices mostly flat when European customers renew policies in January, despite the industry's losses from superstorm Sandy, broker Willis Re said.
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Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled "Apocalypse Fairly Soon".
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NEW YORK, Dec 20- Gold plunged below $1,650 an ounce on Thursday, falling more than 1 percent as heavy liquidation by hedge funds and signs of an improving U.S. economy triggered a technical sell-off that sent prices to their lowest since August.
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NEW YORK, Dec 10- Gold rose for a third session on Monday as investors were uncertain about the U.S. budget crisis and hopeful that the Federal Reserve will unveil new economic stimulus this week. Growing unease about Europe boosted safe-haven bids for bullion after Italian Prime Minister Mario Monti announced he would resign once the 2013 budget is approved.
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BOSTON, Dec 7- Hedge fund manager John Paulson told his clients on Friday evening that his funds experienced mixed returns in November with softer gold prices weighing on some portfolios.
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*Spot gold to test support at $1,701/ oz- technicals. LONDON, Nov 16- Gold drifted lower with shares on Friday and headed for a weekly loss, as investors focused on uncertainty over global growth and worries over the so-called U.S. ``fiscal cliff''. U.S. gold was down $4.80 at $1,709.00.
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*Spot gold to test support at $1,701/ oz- technicals. LONDON, Nov 16- Gold drifted lower with shares on Friday and headed for a weekly loss, as investors focused on uncertainty over global growth and worries over the so-called U.S. ``fiscal cliff''. U.S. gold was down $6.80 at $1,707.00.
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The U.S. ``fiscal cliff''-- tax hikes and spending cuts of nearly $600 billion that will kick in early next year if the Congress fails to avert them-- is looming as a major concern in financial markets as it threatens to push the world's top economy back to recession.
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*The CME Group cut initial margins on COMEX gold futures by 18.5 percent to $7,425 per contract, but left maintenance margins for the metal unchanged. *CME also trimmed maintenance margins on COMEX silver to $11,000 per contract from $12,500, and lowered initial margins to $12,100 from $16,875.
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New York- based hedge fund Paulson& Co cut Delphi Automotive Plc to 25 million shares from 32 million shares and reduced Hartford Financial Services Group Inc to 19 million shares from 31 million shares. Paulson, who has long backed gold stocks, also cut his stake in Gold Fields Ltd, to 6.5 million.
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NEW YORK, Nov 15- Gold prices dropped to a one-week low in heavy trade on Thursday as worries about an economic slowdown in Europe and fear of a recession in the United States hit bullion's inflation-hedge appeal.
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BOSTON, Nov 15- Billionaire hedge fund manager John Paulson cut his third and fourth biggest portfolio holdings and made a bigger bet on a gold mining firm, according to a regulatory filing released on Thursday.
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NEW YORK, Nov 14- Patrick McCormack, the manager of hedge fund Tiger Consumer Management, decided to bet against rival David Einhorn in the third quarter.
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NEW YORK, Nov 8- U.S. hedge fund compensation has risen in 2012 even as the industry has failed to keep pace with a rising stock market, according to data published on Thursday.
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*Hedge funds on average dip 0.5 pct in Oct., beat S&P 500. *John Paulson's Advantage Fund down, Credit and merger funds up. Funds lost money last month as the S&P 500 sank 2 percent.
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NEW YORK, Nov 7- Hedge funds fell 0.5 percent on average in October, the industry's first loss in five months, hedge fund tracking data published Wednesday showed. Funds lost money last month as the S&P 500 sank 1.85 percent.
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*Some big-name Romney backers will be watching from Boston. Now, some heavyweights of the $2 trillion industry plan to break out the champagne and party in style Tuesday night as they cheer on their man at events in Boston, New York and even Las Vegas, according to people familiar with the Romney campaign and some of the big contributors.
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Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.
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Fed up with lagging returns at the hedge fund, investors large and small are opting to either reduce their capital at risk or yank it entirely by year’s end.