Paulson Keeps SPDR Gold as Druckenmiller, Templeton Buy Barrick
- Druckenmiller’s Duquesne bought 2.85 mln Barrick Gold shares
- Paulson & Co. owned 4.36 million shares of SPDR Gold Shares
This article is for subscribers only.
Gold and the companies that produce it were back in favor with fund managers last quarter, when the metal posted the best quarterly performance in a year.
Billionaire hedge-fund manager John Paulson maintained his position in SPDR Gold Shares, the world’s biggest exchange-traded product backed by the metal, a regulatory filing showed Monday. Stan Druckenmiller’s Duquesne Family Office LLC bought 2.85 million shares in Barrick Gold Corp., adding the company to its holdings in the period ended March 31, while Templeton Global Advisors Ltd. more than tripled its stake in the Toronto-based miner.