Paulson nears launch of investor alliance to shake up gold sector: Reuters

U.S. hedge fund Paulson & Co is set to name a group of activist investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, sources told Reuters. The Canadian gold-mining index has lost 40 percent of its value in the past decade, compared with a 9 percent gain in the benchmark TSX index and a 95 percent rise in the S&P 500. Gold has risen 46 percent in the same period. The alliance is unusual because there is no similar group of investors targeting a specific sector, activism experts say.

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