Using my advanced ninja skills I got myself onto the Bank of America Wealth Management-hosted conference call starring John Paulson of Paulson & Co this evening. The notoriously press- and attention-shy Paulson agreed to be on the call a week after Citigroup pulled $410 million from the hedge fund manager and so at least some…
I think Buffett was simply trying to explain the difference between productive assets like oil reserves and farmland versus an asset like gold
Hedge fund manager David Einhorn is accumulating the gold miners and letting some physical gold go here. Why?
The First Eagle Global fund’s Matthew McLennan maintains a roughly 10% gold position (includes mining stocks) at all times. In his October commentary, he explains why he’s sticking with it (emphasis his)…
“I’m not a policy maker, I am a steward of other people’s capital and I’m here to outperform.”
If this is liquidation stuff is true – that the once-$37 billion magic-touch hedge fund titan is truly in trouble because of market activity…