From the Globe and Mail: Albert Friedberg is one of Canada’s
top hedge fund managers. He keeps a low profile, but every quarter, he hosts a
conference call for clients where he outlines his investment ideas.
His current call: We’re facing the prospect of a severe
global recession. In reaction, he’s buying gold, U.S. housing stocks, shares in
Bank of Ireland and U.S. Treasury securities that offer protection against
inflation. On the negative side, he says to sell gold stocks, and sell short
the Indian, Brazilian, Australian and Spanish stock markets…..
While Mr. Friedberg isn’t a household name, he is a market
player worth watching. His two flagship funds are each up by more than 20 per
cent compounded annually over the past five years, based on an eclectic mix of
investments on the long and short side of the commodity, bond, currency and
stock markets….
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