Paulson & Co Hedge Fund Files 13G on anglogold Ashanti

Seeking Alpha – While John Paulson’s position in AngloGold Ashanti (AU) is no secret, his hedge fund has just filed a 13G with the SEC with regard to the position. Paulson & Co has disclosed a 12.1% ownership stake in AngloGold Ashanti due to activity on May 20th, 2009, with the bulk of the position in his Advantage Plus fund. They now show holdings of 42,849,801 shares of AU. We covered their initial purchase on March 23rd when Paulson & Co took a large position in AngloGold at $32 a share.

This is just one of the many gold miners that Paulson’s hedge fund now has a stake in. He additionally likes the Gold Miners ETF (GDX), Gold Fields (GFI), and Kinross Gold (KGC). When we just last week looked at Paulson’s entire portfolio, we noted his massive stake in the precious metal Gold, bought through ticker GLD.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.