John Paulson Continues to Make Money From Country’s Precipitous Decline


It looks like hedge-fund rock star and Intel obsession John Paulson has made another well-timed bet. Monday, South African gold-mining company AngloGold Ashanti disclosed Paulson bought an 11 percent stake in their company, at $32 a share. Today, after the Fed announced they would buy $300 billion in government bonds, those shares are up 7 percent. Meanwhile, the dollar continues its downward slide. As usual, we can’t decide if our feelings toward Paulson lean more toward admiration or revulsion. [Bloomberg]