Paulson, Burned by Gold Slump, Forms Council to Prod Miners
By GCRU Gold News on Saturday, September 22 2018, 00:19 - Permalink
After almost a year of behind-the-scenes work, billionaire hedge-fund manager John Paulson has formed a coalition with 15 other investors aimed at curbing years of what his fund has called value destruction in the gold sector.
The group intends to ensure the management and boards of mining companies are aligned with shareholder interests, he said. The group will meet periodically to address a number of issues and will be funded by members.