As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 14 hours ago
Apr 29 2010 | 1:53pm ET
Alternative investments giant Apollo Management is losing the manager of its metals hedge fund.
Mark Thompson will leave the New York-based firm in June, Bloomberg News reports. He has managed the firm’s Metals Trading Fund since its inception last March.
Thompson joined Apollo from Galena Asset Management two years ago. He had been chief investment officer at the London-based hedge fund.
The Apollo metals fund was seeded with $40 million and trades industrial metals, precious metals and mining stocks.