A Top-Performing Hedge Fund is Making a Big Bet on Gold

(CNBC) A top-performing hedge fund is more than doubling its bet on gold and is ruling the industry with a nearly 30% return this year on its long positions. Sandler Capital Management, with $2.1 billion in regulatory assets under management, is run by much smaller and lesser-known managers than star investors like David Einhorn and Bill Ackman.

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