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US market ‘too rich’ for $50 billion fund boss

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A fund manager known for prescient market timing has sold many of his shares in US businesses because he is worried that stock markets are overvalued. David Giroux, who studied finance and political economy at Hillsdale College, Michigan, manages the $50 billion T Rowe Price Capital Appreciation fund, which invests…

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Click here to read the full story: The Times

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