South Africa

STEPHEN CRANSTON: Rates-slashing Fed parts Red Sea for journey from traditional assets to gold

Momentum Global Investments certainly believes in the power of specialisation. At its annual conference, which was virtual this year, it had managers with mandates as diverse as precious metals and US small caps.

The predominantly SA audience would have been thrilled with the message from Ned Naylor-Leyland, who runs the Merian Gold & Silver Fund. Merian did not last more than a couple of years as an independent manager after a management and private-equity buyout from Old Mutual, and the fund will soon be renamed Jupiter after its new parent. But no doubt it will retain a cult following among some SA investors.

Football news:

Hans-Dieter flick: I Hope Alaba will sign a contract with Bayern. Our club is one of the best in the world
Diego Maradona: Messi gave Barca everything, brought them to the top. He was not treated the way he deserved
Federico Chiesa: I hope to leave my mark in Juve. We will achieve great results
The Coach Of Benfica: I don't want us to look like the current Barcelona, it has nothing
Guardiola on returning to Barca: I'm happy at Manchester City. I hope to stay here
Fabinho will not play with West ham due to injury
Ronald Koeman: Maradona was the best in his time. Now the best Messi