In the
struggling world of investment funds a Sydney based hedge fund has outclassed
its rivals with a couple of stunning share market bets and one of them involved
retail. Their investment in a buy now/pay later company called Zip has produced
very strong returns – “Services like Zip, which allow people to buy goods and
pay for them in instalments, are benefiting from the shopping habits of young
people, many of whom don't have credit cards, and the growing popularity of
online shopping.”
And in the
second news story, Bill Gates and Jeff Bezos have been joined by a third
billionaire in the worlds most exclusive wealth club. Bernard Arnault heads LVMH
which owns the likes of Louis Vuitton, Moet & Chandon and Dior.