09.03.2009 - Gresham expects more pain for commodities, despite record US$1.2 bln for gold, metals investments
From Bi-me.com: Gresham Investment Management, the New York-based commodities investment company led by Henry Jarecki, has a record US$1.2 billion committed from investors betting that inflation will send raw materials higher. The US$1.2 billion due in the next several months is “our biggest inflow of new money since we started accepting outside money in 2005,” Douglas Hepworth, the company’s Director of Research, said in an interview in Barcelona late yesterday. “It is basically the inflation story. The economic crisis will end at some point.” .... Full Article: Source