Paulson And Other Hedge Funds Rewarded as Angst Fuels Gold
- Paulson keeps 4.36 million shares in SPDR Gold as Dalio adds
- Druckenmiller exits Barrick as Templeton, Adage boost stakes
Cronk Says Gold Is on High-End of Range
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Hedge-fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to U.S.-North Korean tensions fuel a rally in bullion.
At the end of June, Paulson & Co. owned 4.36 million shares of SPDR Gold Shares, a U.S. government filing showed Monday. That’s unchanged from the three months through March. Bridgewater Associates, the world’s largest hedge fund, added the ETF to its portfolio in the quarter, with the purchase of 577,264 shares valued at $68.1 million, a regulatory filing showed Aug. 10. Templeton Global Advisors Ltd. boosted its stake in Barrick Gold Corp.