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From Kirsten Bischoff, Opalesque New York:
Active management is something that Frank Holmes, CEO and CIO at Texas-based U.S. Global Investors Inc. takes quite literally. Speaking with him via phone a few hours after he landed in Bogota, Colombia, for meetings concerning investments and potential investments, we learned that this "on the ground" type of information-gathering is an intrinsic part of the firm's investment strategy.
"I am a big believer in first-hand observation of local and geopolitical conditions as well as specific company issues and politics," he told Opalesque. "It is so important to taste the food and embrace the culture and really try to understand what is going on, on every level."
US Global Investors, has approximately $3 billion in assets under management, and in addition to managing 13 U.S. mutual funds, it is sub advisor to the Meridian Global Gold & Resources Fund and the Meridian Global Energy & Resources Fund, which we spoke to Holmes about.
The Meridian funds invest in companies involved in the exploration, development, production and transportation of gold, silver, diamonds and other precious and base metals and of energy resources such as oil, gas, and coal. In taking a venture-capital approach to investing, Holmes describes the Meridian funds as targeted for a specific type of investor - one who is comfortable with pre-IPO, early stage, illiquid investments. "Thos...................... To view our full article Click here
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