Saturday, 18 April 2015
Last updated 20 hours ago
Feb 25 2010 | 10:05am ET
Sydney-based Taurus Funds Management has won a golden mandate from ING Investment Management’s OptiMix platform.
ING’s OptiMix, an active multi-manager platform, will invest in Taurus’ gold and precious metals strategy. The strategy aims to outperform gold bullion by investing in gold, silver, platinum and palladium physical commodity instruments as well as underlying equities associated with the production and beneficiation of precious metals.
“We have structured a strategy which provides exposure to gold’s defensive properties but also tactically shifts to other precious metal commodities and equities to enhance returns,” said Brenton Saunders, director at Taurus.
Emmanuel Calligeris, chief investment officer of the multi-strategies group at ING added, “This asset class will benefit in a reflation environment, long-term US dollar depreciation, and growing demand with current limited supply due to capacity restraints.”
“Following an extensive review of the sector, OptiMix has appointed Taurus Funds Management to manage its gold and precious metals strategy. Taurus Funds Management was found to have the best track record for managing precious metals exposure and a wealth of experience to gold related exposure at a macro and micro level,” said Calligeris.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…