Prominent hedge fund manager John Paulson continued to hold
significant gold investments in the fourth quarter of 2012, even as other
investors pulled out. Notable
institutional investors, including George Soros, Julian Robertson and Allianz's
PIMCO reduced their bets on gold during the quarter, when bullion posted its
biggest quarterly loss in more than four years.
Paulson & Co owned 21.8 million shares in the world's
largest gold-backed exchange-traded fund, SPDR Gold Trust, at the end of
December, unchanged from Sept. 30, a filing with the U.S. Securities &
Exchange Commission showed on Thursday..
Paulson is by far the biggest shareholder of the SPDR gold
ETF. He has often advocated gold to offset risks related to currency exposure
and U.S. dollar depreciation…..
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