Saturday 25 February 2012

Top hedge fund manager confident about oil, gold and Saudi stocks and little else « ArabianMoney

Perhaps this is going to be a bumper year for GCC stock markets after all. Oil prices are heading up and the threat from Iran is both a blessing and a curse for the region in this regard.

Fund manager John Burbank, who manages about $4 billion in assets as founder and chief investment officer of Passport Capital spoke about his bearish view of the global economy and about his confidence in Saudi Arabia with Bloomberg TV’s Margaret Brennan.

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