Tisch Says We ‘Live by the Sword’ at Loews as Gold Bet Doubles
- Loews investment in mining stocks fuels investment income gain
- Gold investments have ‘come to life’ Tisch says on call
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Loews Corp., the holding company run by New York’s Tisch family, was able to counter low bond yields and stock market volatility in the first half of this year with gold-related investments that doubled in value.
Second-quarter net investment income at Loews climbed to $56 million from $7 million a year earlier, the company said in a statement Monday.