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Soros puts $264 million in Barrick Gold, buys calls on gold ETF
Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner
By Jesse Riseborough and Saijel Kishan
Bloomberg News
Monday, May 16, 2016
Billionaire George Soros cut his firm's investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world's biggest bullion producer, Barrick Gold Corp.
The value of Soros Fund Management's publicly disclosed holdings dropped by 37 percent to $3.5 billion as of the end of the last quarter, according to a government filing today. Soros acquired 1.7 percent of Barrick, making it the firm's biggest U.S.-listed holding. Soros also disclosed owning call options on 1.05 million shares in the SPDR Gold Trust, an exchange-traded fund that tracks the price of gold. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts...
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