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Waratah hedge fund embraces gold as world loses faith in U.S. dollar
Waratah Capital Advisors Ltd. is betting on gold to lift its returns this year as investors pile into the asset to shelter their wealth during the global trade war. “We now live in a world that is losing faith in the U.S. dollar,” Co-Founder Brad Dunkley said in a letter to investors seen by Bloomberg News. “Central banks and ordinary citizens, particularly in India, China and developing markets, have increasingly turned to gold to preserve their purchasing power.” Dunkley said he expects gold will “do much of the heavy lifting” for the firm’s funds in 2025. Still, two flagship funds, Waratah One and ... (full story)
