• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    Top Hedge Fund Managers Still Believe in Gold

    Olivia Da Silva
    May. 16, 2018 05:00PM PST
    Precious Metals

    Filings show that top-tier hedge fund managers Ray Dalio and John Paulson stayed true to the yellow metal in Q1.

    Gold bugs rejoice — major hedge fund managers Ray Dalio and John Paulson are still rooting for the precious metal.

    The yellow metal moved ahead 1.7 percent in 2018’s first quarter, pushed forward by a steadily weakening US dollar, which helped it dodge repercussions from rising US borrowing costs.

    However, gold took a nasty tumble this week due to rising interest rates — it slipped below the US$1,300-per-ounce mark on Tuesday (May 15), closing at US$1,290.30 that day.

    Investors may be feeling shaken, but according to regulatory filings acquired by Bloomberg, Paulson’s firm Paulson & Co. had 4.32 million shares in SPDR Gold Shares (ARCA:GLD), the world’s largest gold exchange-traded fund, as of March 31.

    Paulson & Co. was in the news last year after Marcelo Kim, a partner at the firm, urged investors to protect themselves from major gold miners’ “dreadful” performance — he called for the formation of a council aimed at making gold-mining companies more accountable.

    In March, Paulson & Co. returned capital to clients in an effort to “focus on [its] core expertise” after its assets shriveled to $9 billion, down from $38 billion in 2011, a source told Bloomberg.

    Meanwhile, Dalio’s hedge fund Bridgewater Associates also remained steady in Q1 with 3.9 million shares in SPDR and 11.32 million shares in the iShares Gold Trust (ARCA:IAU).

    Dalio is known for his bullish stance on gold, and said last year that there are enough geopolitical issues that investors should allow gold to account for 5 to 10 percent of their portfolio.

    The filings reported by Bloomberg do not show the current positions held by Paulson & Co. and Bridgewater Associates, so it is possible they have increased or decreased since then.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

    ishares gold trustjohn paulsongold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold Outlook: Australia Edition

    Gold Outlook: Australia Edition

    Shiny gold bars stacked closely together.

    WGC: Gold Keeps Climbing, Future Hinges on Economic and Geopolitical Crossroads

    Latest News

    Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital as Lead Investor

    Silver Crown Announces Amendment

    Trading Halt

    Quarterly Activities and Cashflow Reports

    Quarterly Activities/Appendix 5B Cash Flow Report

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Piche Resources

     
    PR2:AU

    Quimbaya Gold

     
    QIM:CC

    Sranan Gold

     
    SRAN:CC

    LaFleur Minerals

     
    LFLR:CNX

    Pacgold

     
    PGO:AU

    CuFe Limited

     
    CUF:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×