May 19, 2024
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Activist hedge fund Elliott bets $1 billion on British platinum producer

  • April 27, 2024

Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, the UK-listed miner that’s received an unsolicited takeover approach from Australia’s BHP Group Ltd. The activist hedge fund led by Paul Singer has exposure to almost 33.6 million Anglo American shares via derivatives, according to a UK regulatory filing Friday that

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Investment

China’s youth shun diamonds in favour of gold, seeking safe-haven investment amid economic downturn

  • January 7, 2024

In China today, many identify with Huang’s consumption mentality, with domestic gold prices reaching new highs last year, and the retail market witnessing a gold rush. 01:31 Chinese consumers sell off old jewellery amid record high gold prices Chinese consumers sell off old jewellery amid record high gold prices And as China’s stock market struggles

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