New York Times Blogs: Greenlight Capital’s gold bets have attracted more than $130 million in two recent private offerings from investors eager to join in the hedge fund’s bets on the precious metal, which is seen as protection against inflation, MarketWatch reported.
A private offering of limited-partnership interests in Greenlight Capital (Gold) L.P. on April 30 raised $128.5 million from 29 investors, the news service said, citing a filing with the Securities and Exchange Commission. On the same day, Greenlight Capital Offshore (Gold) raised $2.6 million from four investors in a similar offering.
MarketWatch, citing three unidentified hedge fund investors, said that the vehicles likely represented new share classes of existing Greenlight hedge funds that are denominated in gold, rather than new hedge funds.
