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Jacob Rees Mogg's investment firm set to make fortune from the coronavirus crisis

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www.mirror.co.uk

Tory toff Jacob Rees-Mogg’s firm stands to make a fortune out of the turmoil caused by the coronavirus crisis. 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. It came as the UK death toll rose by a record 708 – including a boy aged five.

As millions face financial misery, SCM managers are buying into businesses where valuations have tumbled – but should bounce back.

Read more on mirror.co.uk
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