Hedge Fund Waratah Snaps Up Gold Stocks as Rally Powers Ahead
A worker checks gold granules at a refinery smelter.
Photographer: David Gray/BloombergOne of Canada’s largest hedge fund managers is piling into gold stocks in anticipation that bullion’s record-setting rally is only just beginning.
Waratah Capital Advisors has invested in mid-size Canadian producers including Equinox Gold Corp. and Centerra Gold Inc. as well as exploration and development companies including Artemis Gold Inc. in its funds, said Chief Investment Officer Brad Dunkley. He and Blair Levinsky founded Toronto-based Waratah in 2010.