Paulson’s Gold Stake Unchanged in 2014

Billionaire hedge fund manager John Paulson stuck with his holding in the biggest exchange-traded product backed by gold as prices rebounded on the escalating tension between Ukraine and Russia.

Paulson & Co., the largest investor in the SPDR Gold Trust (GLD), kept its stake at 10.23 million shares as of March 31, a government filing showed yesterday. The holdings were unchanged for the third straight quarter.

Gold rose 7.9 percent in 2014, rallying after last year’s 28 percent plunge. Prices reached a six-month high in March as Russia annexed the Crimean peninsula. Bullion also climbed as an unusually frigid winter stymied the U.S. economy.

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza