Tue, Jul 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers July 2012

Profiles: Three Emerging hedge fund managers speak to New Managers about their funds: Pace Goldman of Silvercove, Robert Robins of EverTrend Global and K.D. Angle of Angle Capital

Silvercove Hard Asset gains +17.24% since Oct-09 inception by protecting capital and lowering volatility

Pace Goldman

Silvercove Hard Asset Fund is an onshore Canadian LP with $21m of AuM, managed by Silvercove Fund Management. The multi-strategy fund was launched in October 2009.

In an interview with Opalesque, Pace Goldman, Business Development Officer at Silvercove, said the fund generated +17.24% gains net of fees since inception in October 2009 (+2.07% in June) because of the managers' "sharpened focus on protecting capital and lowering volatility". Silvercove achieved double-digit returns compared to its benchmark, the S&P/TSX Composite ("S&P/TSX") which gained +3.10% over the same period but with a standard deviation 64% higher at 12.5%.

The Silvercove Hard Asset Fund is currently featured in Opalesque Solutions' Emerging Managers Database.

Goldman added, "Our strategy is performing as expected during the current period and we are up +0.56% year-to-date through the end of June in 2012, while the S&P/TSX Composite is down -3.00% YTD. We remain quite cautious and have been managing the book between 10-35% net long and with a healthy amount of cash to deploy into mispriced opportunities."

More importantly, Silvercove's investors earned +2.07% in June versus the S&P/TSX at +0.72%. The fund outperformed in six of the nine sectors that it inves......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. 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