Paulson Maintains Holdings in SPDR Gold Before Rally Falters
- SPDR Gold Shares attracted $672 million in third quarter
- Bullion prices are little changed since the end of September
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Billionaire hedge-fund manager John Paulson maintained his holding in the world’s biggest exchange-traded product backed by gold in the third quarter, before the bullion rally lost steam.
At the end of September, Paulson & Co. owned 4.36 million shares of SPDR Gold Shares, a U.S. government filing showed Tuesday. That’s unchanged from the three months through June. Bridgewater Associates, the world’s largest hedge fund, boosted its holdings in the ETF almost seven-fold, according to a regulatory filing on Nov. 13.