BOSTON: Billionaire investor George Soros’ hedge fund more than doubled its bet on the price of gold during the fourth quarter, a portion of the firm’s total US-listed equity holdings of US$8.8bil at the end of 2009.
The New York-based firm also disclosed in a filing on Tuesday with the US Securities and Exchange Commission (SEC) that it bought almost 95 million shares of Citigroup during the quarter, worth US$313mil by the end of the year. Soros reported no holdings of the troubled bank’s shares at the end of the third quarter.
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