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.
Viking Global Investors LP, the hedge fund run by O. Andreas Halvorsen, eliminated its entire stake in Apple Inc. in the fourth quarter, joining rivals that either exited or cut holdings as shares of the maker of iPhones and MacBooks slumped.
When Iceland’s banks failed in 2008 under $85 billion of debt, dozens of hedge funds flocked to the island betting they could make money buying up creditor claims. Five years later, they’re still waiting.
George Soros , who’s described gold’s surge as the “ultimate asset bubble,” cut his holding in the SPDR Gold Trust in the third quarter, while investing in the iShares Gold Trust . Rival fund manager John Paulson kept his bet in shares of SPDR Gold, maintaining the largest stake.