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2009-10-29 — nytimes.com
The legendary hedge fund manager of Tudor Investment sees a wave of money flowing into the markets, pushing up stocks, commodities and other assets in what he terms “The Great Liquidity Race.â€
Winning the race, Mr. Jones posits, will be gold, emerging-market equities denominated in local currencies and commodity-related stocks. “I have never been a gold bug,†he says in the letter. “It is just an asset that, like everything else in life, has its time and place. And that time is now.â€
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