Paulson Gold Holding Steady

Feb 18 2014 | 12:33pm ET

After slashing his gold holdings by half in the second quarter, John Paulson stood pat in the fourth, as the precious metal ended its worst year in more than 30.

Paulson & Co.'s investment in the SPDR Gold Trust was unchanged during the final six months of the year. After suffering huge losses in the first half, Paulson said in November that it would not add to its gold investments.

Paulson has been among the hedge fund industry's biggest gold bugs, beginning to bet on the metal in 2009 as a hedge against inflation—which it expected to result from government stimulus programs. The firm created a dedicated Gold Fund and gold-denominated share classes of its other funds, all of which suffered when the predicted inflation failed to appear.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note