From Precious Metal To Fool’s Gold

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From precious metal to fool’s gold

It all seemed such a good idea at the time. When Peter Hambro’s mining venture Petropavlovsk needed to raise cash to invest in new refineries for its gold mines in Russia, the price of the precious metal was rising and his company was worth £2bn. The traditional route would have been to sell new shares in…

ExodusPoint Adds 4.9% In 2021 On Rates Volatility [Exclusive]

Michael Gelband's hedge fund ExodusPoint ended 2021 on a strong note after its Rates strategies contributed 1.16% to overall performance in the month. According to a copy of the fund's December update to investors, which ValueWalk has been able to review, the ExodusPoint Partners International Fund Ltd rose by 1.95% during December, bringing its year-to-date Read More

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