Gold investment fever grips US hedge funds
Commodity Online – A prominent hedge fund manager has claimed that gold investment is proving popular in the US over fears about inflation.
Moonraker, a London-based independent firm, has managed over $330 million worth of assets at BDO Stoy Hayward Investment Management since September 2003.
The company carried out a survey of 22 US hedge fund managers and found that 20 have bought gold bullion because they expect quantitative easing to push prices higher.
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