Billionaire fund manager George Soros increased his stake by half in the SPDR Gold Trust while fellow billionaire fund manager John Paul maintained his holding in the world's largest gold bullion-backed ETF.
However, Paulson reduced his position in Gold Fields, while Soros Fund Management nearly tripled its position in Freeport-McMoRan Copper & Gold, SEC filings showed Thursday.
During the third quarter, Soros Fund Management raised its interest in SPDR Gold shares from 884,400 shares in the second quarter to 1.3 million shares.
Over the same period, the fund also upped its holdings in...
Read full article...
More on George Soros:
A fantastic bit of market wisdom from billionaire investor George Soros
Billionaire George Soros has quietly dumped all his big financial stocks and bought more gold
Outrageous: Billionaire George Soros could be building his own network of global police forces