GLD And Gold Shaking Hedge Fund Drag

Here is how the popularity of GLD has depressed the value of gold itself: Hedge funds are among the largest shareholders in GLD. That includes a huge stake in the fund managed by John Paulson, famous for his successful bets against subprime mortgage debt during the financial crisis. Most of these hedge fund managers, Paulson included, are reeling from multi-year periods of relatively poor performance.

Source: http://www.forbes.com/sites/greatspeculations/2013/02/12/gld-and-gold-shaking-hedge-fund-drag/

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