birdwatcher

bloomberg.com -- Contrary to what he told Bloomberg and prospective clients, the firm didn’t own any Treasuries between late 2013 and August 2016, according to the SEC’s complaint. As of Aug. 31, 2016, a third of the fund was invested in an exchange-traded fund that tracks the spot price of gold and 37 percent was invested in another ETF that tracks three times the performance of the S&P 500, the agency said.

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