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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...