Dalio's Bridgewater Boosts Gold Holdings in SPDR, iShares
- SPDR Gold stake rises almost seven fold, iShares assets triple
- Hedge funds poured $672 million into SPDR in third quarter
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Billionaire hedge fund manager Ray Dalio didn’t just recommend gold last quarter. He bought a lot of it.
As of the end of September, Dalio’s Bridgewater Associates, the world’s largest hedge fund, had boosted its holdings in SPDR Gold Shares almost seven-fold, and more than tripled its stake on iShares Gold Trust, a regulatory filing showed Monday.