Jan
13
North Korea Is Newest Frontier for a Daredevil Investor
By
James Passin, a hedge fund manager at Firebird Management, at the Marina Bay Financial Center in Singapore.CreditTom White for The New York Times
He searched for oil in the badlands of Somalia and fueled a stock market boom in Mongolia. He sued the world’s smallest republic, far out in the Pacific, for a chunk of what it is worth.
Now, he is betting on North Korea.
James Passin, a hedge fund manager at Firebird Management, believes the nuclear-armed country sits on as much as a billion barrels of crude — enough to make it as big a producer as Oklahoma. If the oil exists, he wants to help unlock it…
North Korea Is Newest Frontier for a Daredevil Investor
