Mineweb.com - The world's premier mining and mining investment website More hedge fund managers dive into gold - FAST NEWS | Mineweb
BOSTON (Reuters) -
Even as gold was approaching record highs during the third quarter, more of the best-known hedge fund managers were placing bets on the precious metal.
Former Goldman Sachs trader Chris Shumway's fund added 2.1 million shares of the SPDR Gold Trust (GLD.P: Quote) and Dan Loeb's Third Point LLC bought 115,000 shares during the third quarter, according to securities filings on Monday. Highfields Capital added call options on 1.6 million shares of the gold ETF and calls on 200,000 shares of the Market Vectors Gold Miners ETF (GDX.P: Quote)
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