John Paulson, George Soros Doubling Down on Gold Rebound

August 16th, 2012
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Following a sharp second quarter drop in gold prices, investment giants, George Soros and John Paulson have increased their positions in the SPDR Gold Trust in anticipation of possible easing moves by the central banks. As reported by Bloomberg, Soros Fund Management doubled its SPDR Gold Trust holdings to 884,400 shares and Paulson & Co. expanded its position by more than 25 percent to nearly 22 million shares.

The recent decline in gold prices has largely been attributed to inaction by the Federal Reserve to introduce new quantitative easing which has driven investors to dollar-based securities. John Paulson’s Gold Hedge Fund lost 23 percent in the decline spurring his recent decision to double down on his bet that gold is due for a rebound.
For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Soros Fund Management
Related People: Andrew Hoine; George Soros; Jeff Eberwein; John Paulson; Keith Anderson*; Mena Gerowin*; Mike Barr; Robert Donald; Robert Soros; Scott Bessent; Sheru Chowdhry; Stuart Merzer; Zameer Arora
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI; Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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