North American funds have certainly not been immune from tough markets, and tough investors, over the years.
The reported 13% fall in jewellery demand over the past year does not explain gold price weakness in this period. Instead, the key has been flat demand from investors, especially from China and India.
We are living in challenging times, characterised by fundamental social, economic and political experiments.
Reading, formed in 1871 at a public meeting in the town's Bridge Street Rooms, are owned by Anton, the 30-year old son of the St Petersburg-based pulp and paper billionaire Boris Zingarevich, via Thames Sports Investments, registered in Gibraltar.
Speaking to British daily, India-born Pandit said Citi is set to glean majority of its business from emerging markets with Asian and Latin American consumers as well as trade between those regions and Africa driving growth.