Palaedino Launches First Gold-Denominated UCITS Funds

Dec 16 2010 | 10:42am ET

The Geneva-based Palaedino Group is giving its clients a chance to strike gold.

The investment advisor is launching what it’s billing as the world’s first UCITS funds denominated in gold.

Palaedino will allow investors to subscribe to its funds via a ‘gold share class.’ The group says this will allow them to participate in the performance of the funds and gold while being isolated from fluctuations in conventional currencies such as euros, U.S. dollars and sterling.

Gold share classes will be available for all group funds, including global equities, global fixed incomes, global diversified and the new UCITS Alternative Investable Index Fund.
 
Palaedino is not alone—the New York-based hedge fund Paulson & Co. and the Bermuda-based Osmium Capital Management also offer gold share classes. Immediate-delivery gold traded at a record $1,431.25 an ounce on December 7, and has added 27% this year.

The Palaedino Group is a multi-family office set up in 2006. The group oversees over CHF 1.1 billion (CHF 500 million in UCITS funds).


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.