After climbing 169 percent in the first half, its best-ever performance for the period, Barrick shares have slipped from a three-year high reached last month.
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Some of the world’s top investors – including George Soros, David Tepper and Jeffrey Gundlach – are turning bearish. Buying these S&P 500 puts, essentially gives Soros the right, but not the obligation, to sell them in the future. This means that Soros will profit if the S&P 500 index falls. But some market pundits worry that a selloff is down the road.
Billionaire hedge-fund manager John Paulson maintained his holding in the world’s biggest exchange-traded product backed by gold as prices posted the best first half in nearly four decades.
Point72 bought 536,020 shares in Seattle-based Amazon, boosting its position to 666,620 shares valued at $US477 million as of June 30, according to a filing with the US Securities and Exchange Commission, and making it the family office’s biggest US-listed holding.
Soros Fund Management also significantly reduced its stake in Barrick Gold to 1.07 million shares worth $22.9 million, from 19.4 million shares in January-March.
Billionaire hedge-fund manager John Paulson maintained his holding in SPDR Gold. What’s more is these filings come out 45 days after the end of each quarter, so it’s possible they could have traded in and out of the position. Soros also cut its holding of eBay Inc.to 1.7 million shares from 3.7 million shares.
Journalists and investors like to scrutinize – and in some cases mirror – the portfolio moves of Wall Street titans like Warren Buffett and hedge fund gurus like Bill Ackman.
Yesterday New York Fed President William Dudley said the Federal Reserve could potentially raise interest rates as soon as next month as reported on Fox Business.
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Barrick, Soros’s biggest holding in the first quarter, was the investor’s biggest sale in the second quarter. And third, the filings show so-called long positions in USA stocks, or bets on which equities managers see rising in value, but not short positions, or investments in bonds or currencies.
