Paulson & Co., the hedge fund run by John Paulson - who pocketed around $6 billion (YES... $6 BILLION) in the past two years shorting subprime and bank stocks - bought an 11.3% stake in AngloGold Ashanti from Anglo American for $1.28 billion
"We believe AngloGold Ashanti is one of the best managed and undervalued of the major global gold-mining companies," Paulson said in an email. "We look forward to the implementation of their global expansion strategy."
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