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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note