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/2021/01/cyber-security-3400555_640.jpg
Digital Assets: WhatsApp Alternative Signal Said To Be Developing Crypto Payments
January 26, 2021     Digital Assets, News

An investigation report by Platformer’s Casey Newton says messaging app Signal, which promotes privacy through end-to-end encryption, without any commercial motive, is in turmoil. Downloads of the app after Facebook’s…

https://dailyalts.com/wp-content/uploads/2021/01/money-2696228_640.jpg
Liquid Alternatives/Private Equity: A Mackenzie Mutual Fund Offers Private Equity Exposure To Retail Investors
January 26, 2021     Liquid Alternatives, News, Private Equity

The Mackenzie Private Equity Replication Fund is a new mutual fund from Mackenzie Investments launched earlier this month. Mackenzie is active in liquid alternatives, and this is its sixth fund…

https://dailyalts.com/wp-content/uploads/2021/01/night-4694750_640.jpg
Venture Capital: Matrix Partners China Raises $1.2B For Sixth Fund
January 26, 2021     Latest News, News, Venture Capital

Matrix Partners China, an affiliate of Matrix Partners, the U.S. venture capital firm, has raised $1.2 billion for its sixth China fund according to an SEC filing. It is an…

https://dailyalts.com/wp-content/uploads/2021/01/nithin-kamath.jpg
FinTech: Kamath’s Rainmatter VC Incubator Mulling Alternative Investment Fund
January 26, 2021     FinTech, Latest News, News, Venture Capital

Indian entrepreneur Nikhil Kamath, who achieved fame and fortune by bootstrapping Zerodha, India’s first discount broker, to unicorn status, is setting up a fund for investing in fintechs. Rainmatter, Kamath’s…