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Gold investment fever grips US hedge funds

August 7, 2009 : Permanent Link

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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