An interesting read from Greenlight Capital funds quarterly newsletter last year highlighting some of the issues the world may face from this unprecedented era of central bank intervention. Greenlight, is a “long-short value-oriented hedge fund” famously founded and managed by financial whizz-kid David Einhorn, who has generated an average annualised return of 22% since he founded his fund in 1996. The fund has increased its exposure to gold as a result of the Federal Reserve’s recent QE3 (infinity) policy. Well worth a re-read…
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