Record global monetary stimulus means the Australian resources sector is on the brink of a new fortune-creating super-cycle for investors as commodity prices soar, according to Philip King, one of Australia's best known hedge fund managers.
The chief investment officer of Regal Funds Management speculated that share prices of resources stocks might run so hard that the local market eventually witnesses a repeat of 1970's Poseidon bubble.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
