Perseus Mining Limited’s Post

Don’t think there’s a more topical topic than #Gold right now Copper ? Sure, it’s needed. Lithium, REE, iron ore. Yep, same thing If you gaze at the standard long term correlation for gold, which is with real interest rates, you’d be forgiven for thinking perhaps it should be weakening, or even just trading sideways. There are all sorts of reasons why it *might* go crazy, like monetary system collapse, huge sovereign debt positions. But what is happening - so it’s not a fundamental, there is no *might* about it - is huge Chinese buying. Western markets are selling into this, and even betting against the most opaque central bank in the worlds second largest economy that is alongside the worlds largest middle class. It’s not different this time, it’s just that this has never happened before ! I suspect these slides are going to take all weekend…

The Value of Combined Experience: Not all wealth management firms understand the importance of pushing past archaic systems. In this short video, Michael and Steve have a conversation about how Gold Family Wealth is excelling without being shackled to outdated paradigms. https://ow.ly/Xlrn50QFSuT

This month, 3i Members is hosting a member-exclusive webinar on the private credit market with leading private credit experts and 3i members Mitch Julis, Co-Founder & Co-CEO of Canyon Partners, LLC, and Steven Shenfeld, Chairman of MidOcean Partners, followed by an open member Q&A. Eric Rosen, Founder of The Rosen Report will moderate this conversation. Topics covered include: -Understanding the surge in private credit, its trends, and risks. -Exploring opportunities and risks for investors. -Spotlighting strategies, future market projections, and regulatory impacts.

Looking forward to joining these exceptional panelists to discuss how advisors, wealth managers, and family offices can unlock the diversification and return benefits of alternatives. See you in Dallas!

Getting in early, staying actively involved, and riding market trends aren't separate strategies—they're a synergistic trio. Like compound interest, these pillars multiply each other's impact, exponentially boosting the odds of portfolio company success. This is how Florida Funders stands out. Learn more in our Fund 3 Q3 2024 Update Report: https://hubs.la/Q02TFSWz0

🎙 Humanity has revered gold throughout history for its beauty, durability, and utility as money. But what is gold like as an investment in the modern age? How might gold fit into a diversified investment portfolio? In this episode, Philip and Nathan present historical perspective and discuss gold from an impartial standpoint. They chat about gold as a portfolio diversifier, the gold’s price volatility characteristics, and events that gold historically has been a hedge against. Tune in for a primer on gold as seen through the lens of our financial advisors. https://lnkd.in/e7sPxdV9

There are many types of real assets in Finland. Forest land which Finland has an abundance of has not been subject to major transactions in the past years. This transaction and a few others may be leading the way for this to change 🌲🌲🌲

To be continued: GP-led secondaries and the next chapter for high-quality trophy assets. In this research paper, Phil Huber, CFA, CFP®, MD and Head of Portfolio Solutions at Cliffwater writes that continuation vehicles, both single- and multi-asset, present a compelling investment opportunity with supportive supply and demand factors in place. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets https://lnkd.in/e5RqE9Gz

Breakwater Capital Markets partner, Mark Hayes, shares the Big 10 Questions to help public companies evaluate their preparedness for the growing challenges posed by extreme heat. For more information about extreme heat, read Mark's interview with Bonnie Schneider [https://lnkd.in/eXcg-dVT]. To learn more about Breakwater Capital Markets, reach out to Mark at mark@breakwaterstrategy.com. #extremeheat #Big10QsforPublicCompanies #BWCapitalMarkets

Buybacks are simple: do them in large size, consistently, or not at all. Most investment trusts fail because they buyback grudgingly. And it is interesting that Ed Warner was on the panel, because HarbourVest Partners have become the poster child for a company that is reluctant to return capital to investors. They were the last of the listed PE funds to pay dividends and have been very reluctant to buy back, despite trading at a 40%+ discount to NAV (so they would make an instant 60%+ return on any buyback). When Pantheon announced its ambitious buyback programme last August, its share price decoupled from HVPE. They launched a big buyback, and a tender, and a commitment to carry on until the discount was much smaller. HVPE have made vague noises and done very little. As the chart below shows, Pantheon has succeeded in narrowing their discount, while HVPE has not. PIN has outperformed HVPE by 18% in 7 months. This isn't complex. Pershing Square Capital Management, L.P.have shown that sizeable buybacks, carried out week after week, year after year, create huge value. Scottish Mortgage Investment Trust PLC UK have started that process. Buying a few shares now and again is a waste of time. Don't take a peashooter to a gunfight.