Opalesque – With just three trading days left in August, Israel (Izzy) Englander’s Millennium hedge fund is down 1% so far in August but up around 5% up YTD, according to information obtained by Opalesque. Last Friday, Opalesque reported (via SeekingAlpha) that Englander’s hedge fund increased a position of the Market Vectors Gold Miners ETF (GDX) by 439% during the last quarter.
According to updated information obtained by Opalesque, Englander’s $12bn fund owns 12,900 shares of GDX. Since hitting a low for the year in June, GDX has risen over 20% until Friday, August 26th.
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