jacques_bally.jpg Benedicte Gravrand, Opalesque Geneva:
Jacques Bally, founder of Bally Capital Advisors SA, a Swiss-based investment advisory management company that organized the March Swiss Mining Institute conference in Geneva, talks to Opalesque about investors’ love and hate for their asset managers, the most popular metals and geographical locations, and gives his outlook for this asset class.
Part One here.
Opalesque: Metals and mining investments are quite risky and volatile. You said earlier that investors coming to Switzerland want a bit of security, yet, they still go for mining and metals.
Jacques Bally: There is always this relation of hate and love between the investor and his asset manager. Of course, the asset manager, when something goes well, goes to the investor and says, oh, we did very well, we invested in mining, we did great results last year. Then it takes some time until the investor say, oh yes, I saw that this is great, it's on the newspaper, let's invest. But unfortunately this is probably the top of the market.
It really impacts a lot the way people are working. A lot of investors lost a lot of money in the mining sector, and only a few m......................
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