John Paulson and Ray Dalio Stay Loyal to Gold
- Paulson’s SPDR Gold Shares little changed at 4.32 million
- Bridgewater’s SPDR, iShares Gold holdings unchanged: filing
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Billionaire hedge-fund managers John Paulson and Ray Dalio kept their faith in gold even as rising interest rates trim the metal’s gains.
As of March 31, New York-based Paulson & Co. had 4.32 million shares in SPDR Gold Shares, the biggest exchange-traded product backed by bullion, according to a regulatory filing. That compares with 4.36 million shares at the end of December. Billionaire Ray Dalio’s hedge fund Bridgewater Associates also maintained its stake in SPDR and iShares Gold Trust, the second largest bullion-backed ETF.