Monday, 24 October 2016
Last updated 2 days ago
May 21 2010 | 12:44pm ET
Greenlight Capital appears to have added a gold share class to its flagship hedge fund.
The New York-based firm raised $131.1 million in a private offering of limited partnerships in the new share class, MarketWatch reports. Most of that money went into the onshore Greenlight Capital (Gold), which attracted 29 investors, while Greenlight Capital Offshore (Gold) took in $2.6 million from four investors, according to regulatory filings.
MarketWatch, citing three hedge fund investors, say the offerings are probably not for a new fund, but for a gold-denominated share class of Greenlight’s existing fund.
Gold share classes have been doing better than those denominated in currencies, according to Paulson & Co.’s John Paulson, which also offers a gold share class, as well as a gold hedge fund.
“It does have a significant impact on performance,” he said.