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Billionaire Paulson Accuses Detour Gold Of ‘bullying Tactics’

by posted 10months ago 18 views
(Bloomberg) -- Billionaire hedge fund manager John Paulson has accused the management of Detour Gold Corp., the Toronto-based company in which he invests, of “bullying tactics.” In a 20-minute speech that was webcast ahead of a Dec. 11 special shareholders’ meeting, the founder of Paulson & Co. urged Detour investors to vote to replace the miner’s board. The hedge fund repeated claims that Detour executives have mismanaged the company. “Despite our best efforts, the Detour board has used bullying tactics against us,” Paulson said.

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