Bloomberg News

Paulson & Co. Cut Stake in SPDR Gold Trust in Fourth Quarter

February 20, 2012

Feb. 14 (Bloomberg) -- Paulson & Co., the U.S. hedge fund run by John Paulson, cut its stake in the SPDR Gold Trust in the fourth quarter, according to a government filing.

As of Dec. 31, Paulson held 17.3 million shares in the exchange-traded product backed by the precious metal, compared with 20.3 million shares at the end of the third quarter, a U.S. Securities and Exchange Commission filing showed today.

The SPDR Trust is the biggest exchange-traded product backed by gold.

--Editor: Patrick McKiernan

To contact the reporter on this story: Debarati Roy in New York at droy5@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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