17.10.2016 - Safe havens face correction
Kerr Neilson, the founder of Platinum Asset Management and who ranked as one of the Australia’s wealthiest men in this year’s BRW Rich List with a personal wealth of nearly $2 billion, believes the financial aberration that caused his $23bn fund such pain over the last year is now close to its nadir. “We can detect there’s a huge change taking place and that’s ­interesting to us,” he said, pointing to the numerous safe havens that are now subject to the start of a sharp correction. Investors are now betting on imminent and steady interest rate hikes in the US and the gold price notched up its biggest weekly slump in three years last week............................................Full Article: Source
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