Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.
The shares slid as much as 8 percent. Clients redeemed $4.1 billion from Man’s investment funds, which was partly offset by $3.1 billion of sales, the London-based company said today.
At 1346 GMT, spot gold traded at $1,655.79/oz, down 0.4% on the day.
The fund will have between 25 and 35 underlying funds, run by managers including Amundi Alternative Investments and Dalton Strategic Partnership, and featuring a diversified group of strategies.
Russia added 16.55 tonnes, taking its total holdings to 895.75 tonnes, while Kazakhstan added 4.3 tonnes and Ukraine added 1.2 tonnes.
There has been one clear winner from the financial crisis – gold. Investors savvy enough to invest in the precious metal four years ago will be sitting pretty, but some experts believe that the commodity has had its day.
The firm, which runs approximately $2.7 billion and which was founded by Tony Chedraoui in 2009, shifted most of its staff around the start of April, a source familiar with the matter told Reuters.
SMX, owned by India's Financial Technologies, is hoping to capitalise on the brisk trading interest in gold and silver futures contracts traded in India, the world's biggest gold consumer, and give potential players the opportunity to hedge via
Northern Trust has announced that its hedge fund administration unit, Northern Trust Hedge Fund Services, has built significant momentum since the unit was formed by the acquisition of Omnium in July 2011.