British Firm Readies Gold Hedge Fund

Aug 29 2011 | 1:40pm ET

A new British hedge fund aims to take advantage of the global gold rally.

Orwell Capital is set to launch its Kerdos Premium Fund. The new vehicle will be composed of two sub-funds, a private-equity style portfolio and a portfolio allocated entirely to gold.

The new fund is expected to launch in September, pending approval from the Malta Financial Services Authority. Orwell has already registered with the U.K. Financial Services Authority.

Kerdos will launch with a single investment in a company that exports gold bars from Africa to Europe.

"There is a very strong demand for funds where performance is not linked to financial market trends," Franco Mignemi of Orwell told "Amid the distress we are experiencing in the current market environment, investors are now drawn back to the real economy and are looking for stable profits in a business where they can fully appreciate the company's structure and competitive edge."

"Our fund will offer an opportunity rarely available to professionals outside the gold industry," Mignemi promised.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note