By Allstair Barr, MarketWatch
San Francisco (MarketWatch) - The third Point Offshore Fund Ltd., a 2.2 billion hedge fund run by activist investor Dan Loeb, has built a large bet on gold in recent months.
The fund listed the yellow metal as its top position in a recent regulatory filing detailing its performance through October.
A month earlier, Third Point listed gold bullion as its second biggest position. At the end of August, gold wasn’t listed in Third Point’s top five positions, according to regulatory filings.