Analysts have been forced to rapidly upgrade their forecasts, with China’s jawboning of commodity prices failing to keep a lid on the level of spot iron ore.
Fresh CEO, fresh focus for Tribeca Investment fundies
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Tribeca Investment Partners money managers, major shareholders and co-CEOs David Aylward and Ben Cleary have handed the reins over to a new group chief executive so they can spend more time investing.
It is understood Tribeca has recruited former Citigroup Australia and New Zealand head of equities Adam Lavis, and will task him with day-to-day oversight of the $3 billion asset manager.
Former Citi operative Adam Lavis is Tribeca Investment Partnersâ new CEO.Â
AFR
Lavisâ appointment is expected to free up Aylward and Cleary, allowing Aylward to focus on Tribecaâs long-running smaller companies strategy, while Singapore-based Cleary oversees global natural resources. Aylward will also be the firmâs executive chairman.
Retail army fires silver miners higher
Feb 1, 2021 – 5.58pm
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Calls on Reddit, Facebook, and Twitter message boards over the weekend to buy silver and squeeze short-sellers helped send spot silver up 6.7 per cent on Monday, another landmark day of social media-driven trading dislocating asset prices and threatening more havoc on Wall Street.
The Reddit phenomenon swept Australian silver miners higher and the commodity price to $US28.85 an ounce. Manuka Resources was up 31 per cent, Adriatic Metals 19 per cent, and Silver Mines Limited 49 per cent.
Tribeca’s Ben Cleary: “Silver is a much bigger, more liquid market than the stocks.”
Mark Kolbe