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Paulson nears launch of investor alliance to shake up gold sector
By John Tilak and Nicole Mordant
Friday, June 1, 2018
U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation.
The Shareholders Gold Council, expected to be launched as early as this month, will have more than a dozen investors, including Delbrook Capital, Livermore Partners, and Tocqueville Asset Management, one of the people said.
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Delbrook confirmed to Reuters that it will be part of the group.
BlackRock Inc. and Van Eck Associates, two of the biggest mining sector investors, are also in discussions to join the group of hedge funds and institutional investors, the source added. ...
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