Einhorn's Greenlight Capital Moves Gold Holdings Into Bullion From ETFs (GLD)

According to reports from Bloomberg, David Einhorn's Greenlight Capital hedge fund switched its gold holdings from ETF SPDR Gold Shares (NYSE: GLD) into bullion in the second quarter. Einhorn said it is cheaper to keep the gold in a storage facility than the fees paid for the ETF. Einhorn has been buying gold due to concerns about inflation.

Greenlight Capital gained 16.3% in the second quarter, bringing its YTD return to 21.5%. Last year, the fund lost 23%.

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• Super Micro Computer (SMCI) Falls 6%
• Gold prices rebound after CPI-driven losses, record highs close
• US stocks saw largest 2-week outflow since December 2022 - BofA