Bloomberg – Eric Mindich’s $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson’s bet that bullion will increase amid inflation concerns.
Eton Park bought 6.58 million shares of SPDR Gold Shares, an exchange-traded fund that tracks the price of bullion, in the second quarter, according to a regulatory filing yesterday. The investment was valued at $800.3 million as of June 30, making it the hedge fund’s biggest holding. Leon Cooperman and Dmitri Balyasny also added shares of the gold fund, while George Soros and David Einhorn acquired shares in mining companies.
