Wednesday, 1 April 2015
Last updated 3 hours ago
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.
Mar 9 2015 | 6:35am ET
As 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…
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…