Sun, May 26, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Industry Updates

Palaedino Asset Management launches first UCITS funds denominated in gold

Thursday, December 16, 2010
Opalesque Industry Update- Geneva based Palaedino Asset Management, advisor to the Axiom Fund, announces the launch of the world’s first UCITS Funds denominated in Gold.

Gold Share Class
Investors who choose the Gold Share Class will have simultaneously an exposure to the fund’s investments and to Gold fluctuations. In other words, this will allow investors to participate in the performance of the Funds and Gold while being isolated from fluctuations in conventional currencies such as euros, US dollars and sterling.

The new Gold Share Classes will be available to the full range of Axiom products which includes: Global Equities, Global Fixed Incomes, Global Diversified and the newly launched UCITS Alternative Investable Index Fund.

Although it is still reserved for institutional clients, the Axiom Fund will shortly be registered in a number of European countries, including Switzerland, which will enable it to be accessible to the general public.

(press release)

Source

kb

Article link

What do you think?
   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. Opportunities Ahoy!: For a relative value, sector specialist fund trading in physical and futures bulk shipping - this backdrop has provided us with opportunities … disparities have emerged between the physical and derivative market - and we are positioned to take advantage of the ensuing volatility and mispricing betwe
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. MGH
  2. NZARA
  3. 36 South
  4. Cultivar
  5. New Zealand
  1. Anchorage
  2. ubs
  3. MS
  4. people
  5. hedge funds