For New Hedge Fund, All That Glitters Is Gold

Oct 30 2007 | 3:28am ET

Newly-formed hedge fund Hinde Capital has launched the Hinde Gold Fund, focusing on the precious metal. The U.K.-based fund will primarily invest in the physical commodity and securities of companies that explore, mine, produce or process gold through a combination of long- and short-term investments.

The fund employs a macro environment analysis to determine the asset allocation between bullion and equity, a fundamental and model approach for stock selection and then a final technical and sentiment model is employed to “further refine allocations and entry and exit points for each trade,” according to a prime brokerage document. “The fund employs plain vanilla derivative strategies to enhance performance by mitigating and smoothing out risk volatilities on both bullion and equity portions of the portfolio.”

The Hinde Gold Fund charges a management fee of 1.5% and a performance fee of 20% of net gains subject to high water mark, calculated and paid quarterly. Its prime broker is Fimat.
 
Ben Davies, CEO, and Mark Mahaffey, CFO, are the joint portfolio managers of the fund. Prior to starting Hinde, Davies ran the trading at RBS Greenwich Capital and Mahaffey served as managing director of Bank of America London.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note