[miningmx.com] – ANGLO American and Glencore were strong enough to see out the slump in commodity prices, said Bloomberg News citing the view of PSG Equity Fund’s Shaun Le Roux.
“When there’s this much distress, you’re going to get mispricing,’ said Le Roux, whose $190m PSG Equity Fund beat 97% of its peers with returns of 23% over the past three years, according to data compiled by Bloomberg.
“We’re focusing on stronger players within the sector that we’re confident are going to make it, and that are very cheap,” said Le Roux.
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