Sun, Apr 30, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob