On the other hand his dad is the Peter Hambro and his former boss at BlackRock is Graham Birch who quit BLK to run his dairy farm before getting bored and joining père at Petropavlovsk plc, i.e. Evy can probably get some decent thinking on the gold biz.
From MoneyBeat:
The world’s biggest asset manager BlackRock Inc. BLK -2.41% says there’s no need for gold investors to rush for the exits, and it’s in fact taken advantage of the recent plunge in princes to pick up some of the metal.
BlackRock’s chief investment officer for natural resources, Evy Hambro, said in a note Thursday that the long-term fundamentals remain strong in gold. Much of the decline in gold prices recently should be attributed to the outflow of “hot money” in the market.
“We would not be looking to, or expecting to see, much forward selling because we’re now close to the spot price. In fact, we put some cash to work yesterday to take advantage of the low price,” said Mr. Hambro....MORE
