London Hedge Fund is Cornering the Chocolate Market | CookingDistrict.com

London Hedge Fund is Cornering the Chocolate Market

Hedge fund manager Anthony Ward is making the chocolate market nervous by buying up huge reserves of cocoa on the international market. His latest buy, 'said to be a $1 billion bet in the London market for cocoa futures,' has investors fearing that he is creating a shortage that would kick in right before the holidays to skyrocket prices. It's estimated that he controls approximately 7% of the cocoa supply worldwide right now.
Source: Consumerist

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