Hedge Funds Seen Sticking with Gold Despite Sell-Off
Reuters Hedgeworld › September 27, 2011
Linked as:
Summary
LONDON (Reuters) - The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a perilous global economy.
Gold has dropped around 11 percent since the start of last week as liquidity-strapped investors scrambled to convert gold into cash amid fears over Greece's near-bankruptcy, likely hitting a number of hedge funds which have profited from its bull run in recent years.See the full content of this document
Extract
Hedge Funds Seen Sticking with Gold Despite Sell-Off
However, the yellow metal is still around 7 percent above its level at the start of July, and is up 14 percent this year, le...
See the full content of this document
Sponsored links
