Paulson Cuts Gold ETP Holdings for First Time in Two Years
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Billionaire hedge-fund manager John Paulson, once one of the best known gold bulls, cut his bullion holdings for the first time in two years.
Paulson & Co. reduced its stake in the SPDR Gold Trust, the world’s biggest bullion exchange-traded product, by almost 10 percent last quarter, a U.S. government filing showed Friday. The move came after the firm kept its holdings unchanged for seven straight quarters.