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Another mega hedge fund makes gold largest holding
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Friday, March 27, 2009
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From Market Folly:

So, we have yet another big fund with Gold in the top 3 positions of their portfolio.

Samberg's Pequot joins the ranks of David Einhorn's Greenlight Capital, Paulson & Co (John Paulson), and Eric Mindich's Eton Park as prominent funds holding gold as a top position.

Pequot also shows a large position in Goldcorp as well, as their 13th largest holding. Assets from the collective long US equity, options, and note holdings were $3 billion last quarter and were $1.26 billion this quarter.

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World's top money manager goes waaaay long South African gold

Topics: Hedge Funds | Gold | Commodities
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