2009-03-06 — bloomberg.com
36 South Investment Managers Ltd., a New Zealand-based hedge fund firm set up by derivatives traders, will close its Black Swan Fund after it gained 236 percent in the last 12 months and start a fund that wagers on inflation.
“It is not the predominant risk now but we feel in a year or two’s time it certainly could be,” Haworth said. “If everybody goes cash and the governments are expanding the money supply at the rate they seem to be, the problem in the future might be that there’ll be like a Montana land-grab for assets because of inflation.''
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