Hedge Funds: Bridgewater Associates Invests $400 Million in Gold

https://dailyalts.com/wp-content/uploads/2020/08/ray-dalio.jpg

Hedge Funds: Bridgewater Associates Invests $400 Million in Gold

Ray Dalio’s Bridgewater Associates hedge fund has invested $400 million in gold during the second quarter.  Based on Bridgewater’s 13F filings, the hedge fund bought 1.4 million shares of the SPDR Gold Trust.  Additionally, the company acquired 4.1 million shares in the iShares Gold Trust.  Bridgewater’s SPDR holdings have risen from $600 million in the first quarter to now over $900 million.  The company’s holdings in iShares jumped from $176 million to $268.4 million. 

One reason for this could be the rise in gold prices this year.  Gold prices have increased by 26 percent since the beginning of the year.  Last month, prices reached $2,000 per ounce.  Bridgewater Associates’ investments in gold went to exchange-traded funds — which hold more gold than central banks.  

These gold investments coincide with Bridgewater’s decision to drop its investments in a variety of companies and banks.  This could be in part due to the highly volatile nature of the market.  In addition, the pandemic’s unknown road to recovery leads the hedge fund to diversify its portfolio and decrease risks.  

Bridgewater’s portfolio is now at $5.96 billion.  This is a $1 billion increase from the previous quarter.  

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/06/justice-gba45571bc_640.jpg
Digital Assets: Grayscale Protests SEC Rejection Of Spot Bitcoin ETF, Files Suit Against Regulator
June 30, 2022     Digital Assets, Latest News, News, Regulations

Grayscale Investments, the largest digital asset manager globally, has filed a suit against the SEC for rejecting its application to convert the Grayscale Bitcoin Trust into a spot bitcoin ETF….

https://dailyalts.com/wp-content/uploads/2022/06/Twelve-sunglasses.png
Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology…

https://dailyalts.com/wp-content/uploads/2022/06/amc-g39f4f8446_640-overlay.png
FinTech: Sam Bankman-Fried Of FTX Rejects Rumors He Is Acquiring Robinhood
June 30, 2022     Digital Assets, FinTech, News

FTX, the crypto platform owned by billionaire Sam Bankman-Fried, has scotched media reports that it was pursuing a deal to acquire commission-free trading app Robinhood (NASDAQ: HOOD). Bloomberg said Monday…

https://dailyalts.com/wp-content/uploads/2022/06/bitcoin-g9a41d1d1c_640-overlay.png
Alternative Investments/Digital: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP

21Shares AG has launched a bitcoin ETP tailor-made for today’s crypto market, one that has been mauled by rampaging bears and gripped by a “crypto winter.” The 21Shares Bitcoin Core…