Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Atyant says gold stocks are finally liquidating

Wednesday, April 10, 2013

From Precy Dumlao, Opalesque Asia:

After waiting "patiently for four years," gold stocks are now finally liquidating, said Vedant "VK" Mimani, managing director at Atyant Capital, a specialty investment manager that focuses on the Indian equity markets and precious metals.

"From 2011 to present, gold stocks have been annihilated (down 45-75%, depending on your index) and today, April 3, 2013, they are being liquidated. We are now buyers," added Mimani in his monthly letter to investors. Atyant manages the Atyant Capital Global Opportunities Fund LP.

He added that from 2009 up to 2011, investors bid up the entire precious metals complex on the fiat currency debasement thesis. But Mimani said Atyant has determined that the thesis is flawed so they decided to preserve their capital instead.

"The reason we maintain a long term interest in the gold mining sector is because historical study shows gold miners have been the big winners in each and every post credit bubble economy. We believe 2007/2008 marks the beginning of the sixth credit bubble deleveraging of the modern era (the prior five being 1720-1740s, 1772-1790s, 1825-1849, 1873-1899 and 1929-1949), and at some point in the future, gold mining will transition from the marginal enterprise it is today to the......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass