Paulson Holds Remaining Gold Horde

Nov 18 2013 | 12:56pm ET

After more than halving its gold investments in the second quarter, Paulson & Co. stuck by the tarnished precious metal in the third—and was rewarded.

The New York-based hedge fund owned more than 10 million shares of the SPDR Gold Trust exchange-traded fund at the end of September, it said in a regulatory filing. Gold prices are up 9% since the end of the second quarter.

Still, the metal is on its way to its first annual loss in 13 years, and a big one, at that. Gold futures are down 23% this year. Paulson's own PFR Gold Fund is down 62% through September.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of