Northam: One fund buys, another sells

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A small cap fund of Coronation Fund Managers has boosted its stake in Northam Platinum even as a similar fund at Investec Asset Management dumped it. “We’ve added Northam as a small position,” Siphamandla Shozi of the Coronation Smaller Companies Fund said. “We like the prospects of the platinum sector.” But Richard Middleton of the Investec Emerging Companies Fund said: “We’ve sold out of Northam” because of the cost of last year’s 11-week strike. – Bloomberg

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