[miningmx.com] – GEORGE Soros was among several high profile investors to last month liquidate shares in gold-backed exchange traded products, said Bloomberg News.
He joined Northern Trust Corp. and BlackRock in cutting exposure to the gold investments although John Paulson of Paulson & Co maintained a stake that lost $165m in the first quarter.
Soros Fund Management LLC lowered its investment in the SPDR Gold Trust, the biggest such fund, by 12 percent to 530,900 shares as of March 31, compared with three months earlier, a Securities and Exchange Commission filing showed yesterday.
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