Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Australian investment firm Seven Group Holdings Limited has appointed current Woodside Energy chairman Jarvas Croome as the next chief executive for its subsidiary, WesTrac.
Croome will take up the position with WesTrac, one of the world’s largest Caterpillar distributors, in April 2014.
“Having worked with him before, I know he has a terrific grasp of technical and production aspects of the sectors in which we operate and that couples with outstanding commercial and management capabilities,” managing director of Seven Group Don Veolte said.
WesTrac recently announced that it would begin sacking 400 employees at its Perth operations.
