Dalio’s Bridgewater Boosts Gold Holdings in SPDR, IShares
- Stake in SPDR Gold rises to 3.91 million shares, filing shows
- Hedge fund boosts stake in Newmont, cuts position in Barrick
Dalio's Bridgewater Boosts Holdings in Gold
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Billionaire hedge fund manager Ray Dalio boosted his holdings in the two largest gold-backed ETFs last quarter before prices of the metal capped the biggest annual gain in seven years.
As of the end of December, Dalio’s Bridgewater Associates, the world’s biggest hedge fund, raised its stake in SPDR Gold Shares, its fifth-largest holding, by 14,091 shares to 3.91 million shares, a U.S. regulatory filing showed Tuesday. Bridgewater also added to its iShares Gold Trust holdings. The increases were among moves that included a cut in an emerging-markets ETF and new short positions as part of an increased wager against European companies.