Paulson launches gold investor alliance with Egypt’s Sawiris

Billionaire hedge fund magnate John Paulson is leading a consortium of investors determined to reverse the lacklustre performance of gold miners, in the latest sign of growing investor frustration with the sector. New York hedge fund Paulson & Co, which is famed for making billions betting against subprime mortgages in the financial crisis, has put together the 16-strong group calling themselves the Shareholders’ Gold Council.

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