The Contrarian Investor: Man of Steel

Man of Steel

One has to admire the courage of David Baker and Trevor Steel at resources-focused fund manager Baker Steel.

They have just announced their well-regarded specialist small-cap mining fund (Baker Steel Resources) is looking to not only buy an existing portfolio of dirt cheap (mining) assets, but also raise extra money on the London market. This just a few weeks after the vastly bigger BlackRock World Mining investment trust shocked the market with a write down involving a key asset. All of which prompts a much broader question – are we at the bottom of the current commodity bear cycle, or is there worse to come? At this point, as a contrarian, I must declare my hand. I have been systematically wr...