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 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.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of