IAMGOLD CORP

**Signal Note: Driehaus Capital Initiates $54M IAG Position** Driehaus' entry into IAG (a gold miner, not biotech) signals conviction in precious metals as a macro hedge, likely driven by inflation concerns or portfolio diversification rather than company-specific catalysts. This positioning is atypical for a growth-focused biotech allocator and suggests a tactical shift in risk sentiment toward hard assets.