Jacob Rees-Mogg's investment firm set to make fortune from the coronavirus crisis
EXCLUSIVE: Somerset Capital Management, which the MP co-founded, says market volatility offers a once or twice in a generation opportunity to make super normal returns
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The MP owns at least 15 per cent of a company investing in businesses hit by falling share values.
Somerset Capital Management says investors have a once in a generation chance of super normal returns.
Mr Rees-Mogg stood down as a director of SCM to become Leader of the House of Commons. SCM said it was focusing on clients long-term security.
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As millions face financial misery, SCM managers are buying into businesses where valuations have tumbled but should bounce back. Potential gains of 500 per cent are touted.
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Investments so far include private hospitals in Brazil, pharmacies in South Africa and a firm behind a scanning device which checks if people are wearing masks in China.
https://www.mirror.co.uk/news/politics/jacob-rees-moggs-investment-firm-21814351
The other "once or twice in a generation opportunity" would be Brexit. That's evidently on the back burner for now.