Glencore Said to Value Gold Unit at More Than $5 Billion in IPO

Glencore Said to Value Gold Unit at More Than $5 Billion in IPO
Glencore International AG, the commodity trader studying an initial public offering of its Kazzinc unit’s gold assets in 2011, values them at more than $5 billion, according to a person familiar with the matter.
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Thiel’s Fund Said to Fall 25% in 2009

Thiel’s Fund Said to Fall 25% in 2009
The markets were very good to many investors last year. But Peter Thiel apparently wasn’t one of them. Mr. Thiel, the PayPal co-founder who made millions off his angel investment in Facebook , saw his Clarium Capital Management hedge fund fall 25 percent in 2009 — with a [...]