Gold Seek – This January was one of the worst on record for financial markets. US Treasuries crashed after enjoying a recession-beating run in 2008. Gold and silver were the only major asset class to end the month higher.

Hedge funds that previously ignored precious metals have become converts, with hedge fund star Greenlight Capital buying the yellow metal for the first time.

Another money manager Osmium Capital Management is offering a hedge fund priced in ounces of gold to protect it from exchange rate fluctuations. Subscriptions are in dollars, euros or pounds and then converted into gold.

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Tags: asset class, capital-management, converts, exchange rate fluctuations, financial-markets, gold-and-silver, greenlight capital, money manager, osmium capital, precious-metals, recession, subscriptions, treasuries

Telegraph.co.uk – Mr Cameron said that his shadow chancellor George Osborne had explained "very clearly" all the meetings and conversations he had had about a possible £50,000 donation from Oleg Deripaska and called on Mr Mandelson to produce a similar list of encounters.

Mr Osborne has been left fighting for his political life after the revelation that he discussed a substantial donation to the Conservative Party from Mr Deripaska following four meetings between him and the aluminium tycoon, who is banned from the US, in Corfu.

Nat Rothschild, a hedge fund tycoon who was host to Mr Osborne at his family’s villa on the island, alleged that Mr Deripaska offered to donate money to the Tories despite not being eligible to vote in this country.

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