Friday, 22 May 2015
Last updated 4 hours ago
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 HedgeCo.net. "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.
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…