iOS app Android app More

Hedge Fund Investors Are Buying Gold

First Posted: 04/08/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Gold

Financial Times:

Hedge fund investors who made money last year by betting against investment banks are now buying gold as a way of betting against central banks.

The gold bulls include David Einhorn, founder of hedge fund Greenlight Capital, who last year came under the spotlight for his short selling of shares in Lehman Brothers, after arguing that the bank did not have enough capital to offset its exposure to falling property prices. Other funds looking at gold include Eton Park and TPG-Axon, investors said.

Read the whole story: Financial Times

FOLLOW HUFFPOST BUSINESS

Filed by Marcus Baram  |