uggs store according to a prospectus.

sort Golf Course, U.S. BankruptcyCourt uggs store , District of Delaware, No. 11-10372 (Reporting by Caroline Humer; Editing by Gary Hill)
Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.
In return, Paulson & Co, one of the world's biggest and most successful hedge fund firms, says it can deliver returns that top gold prices, at a time analysts are betting that rising demand will make the metal even pricier.
Since founding his New York-based firm in 1994 uggs store , Paulson has concentrated mostly on merger deals and the credit market. A bet that housing prices could fall on a national level famously earned him roughly $3 billion in 2007.
Now, Paulson is making a concentrated bet on miners and other bullion-related investments because central banks are buying gold and he expects prices to keep rising as demand outpaces supply.
Gold prices reached an all-time high of $1152.85 an ounce this week.
Paulson has hired two gold industry experts: Victor Flores, HSBC's former senior gold mining analyst, and John Reade, a former senior metals strategist at UBS. Reade had originally planned to join Credit Suisse.
Paulson introduced his plans to some existing investors earlier this week. Other potential clients are getting a look at the details in a private prospectus obtained by Reuters.
While Paulson is best known for his bet on the credit market uggs store , he has included gold stocks in his funds for several years and currently has at least 10 percent of the firm's roughly $30 billion invested in this sector.
Paulson's Advantage Plus fund has gained 18.62 percent this year, topping the Standard & Poor's 500 14.72 percent gain, in part because of out-sized gains in certain gold stocks.
The fund holds AngloGold Ashanti uggs store christian louboutin wedding shoes 2011 overall, which has outperformed the rise in gold prices by 30 percent this year, and Centamin Egypt, which has gained