Investor worries over Fed policy, N Korea tensions fuel rally in bullion
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New York
HEDGE fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to US-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 US government filing showed on Monday. That's unchanged from the three months through March. Bridgewater Associates, the world's largest hedge fund, added the exchange-traded fund (ETF) to its portfolio in the quarter, with the purchase of 577,264 shares valued at US$68.1 million, a regulatory filing showed on Aug 10. Templeton Global Advisors Ltd boosted its stake in Barrick Gold Corp.
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