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/2022/01/Bink-app-shot.png
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-22-29-49-Screenshot-Pawson-2.png
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…

https://dailyalts.com/wp-content/uploads/2022/01/47752022922_e4569a2f0e_c.jpg
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-18-48-26-超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…