Bloomberg News

SAC Capital Lowers Stake in SPDR Gold Trust in First Quarter

May 15, 2012

Steven A. Cohen’s SAC Capital Advisors LP cut its stake in the SPDR Gold Trust, according to a government filing.

As of March 31, SAC held 66,700 shares in the fund backed by the precious metal, compared with 179,601 shares at the end of the fourth quarter, a U.S. Securities and Exchange Commission filing showed today.

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

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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