{"id":37466,"date":"2013-08-19T08:21:30","date_gmt":"2013-08-19T12:21:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37466"},"modified":"2013-08-19T08:21:30","modified_gmt":"2013-08-19T12:21:30","slug":"hedge-fund-billionaire-john-paulson-lost-736m-in-second-quarter-gold-bloodbath","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/hedge-fund-billionaire-john-paulson-lost-736m-in-second-quarter-gold-bloodbath.html","title":{"rendered":"Hedge Fund Billionaire John Paulson Lost $736M In Second Quarter Gold Bloodbath"},"content":{"rendered":"<p>Forbes &#8211; The second quarter was by no means a time to own gold, and billionaire hedge fund manager\u00a0John Paulson\u00a0knows it.\u00a0 While he cut his major position in the yellow metal by half, selling nearly 12 million shares in the largest gold ETF worth $1.38 billion at the end of the quarter, he lost at least $736 million in his cumulative positions through the three months ending with the month of June.<\/p>\n<p>Paulson\u2019s largest losses would be attributed to his massive position in the SPDR Gold Trust ETF, where he would\u2019ve lost $360 million on the 10.24 million shares he was still holding by the end of the quarter, when compared to prices at the end of Q1.\u00a0 The hedge fund manager closed the first quarter with a 21.8 million-share position in the largest gold-backed ETF.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/afontevecchia\/2013\/08\/15\/hedge-fund-billionaire-john-paulson-lost-736m-in-second-quarter-gold-bloodbath\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; The second quarter was by no means a time to own gold, and billionaire hedge fund manager\u00a0John Paulson\u00a0knows it.\u00a0 While he cut his major position in the yellow metal by half, selling nearly 12 million shares in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37466","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=37466"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37466\/revisions"}],"predecessor-version":[{"id":37467,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37466\/revisions\/37467"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}