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From Precy Dumlao, Opalesque Asia:
Encouraged by strong returns after finishing +9.66% YTD to end-October (and +11.01% in the past 12 months), Zug, Switzerland-based Insch Capital Management AG’s hybrid gold and currency Goldilocks hedge fund is re-opening to investors on an continual basis.
Insch Capital CEO, Christopher Cruden said in a statement, "Beyond the strong performance, the key to Goldilocks’s success is the high level of capital protection. Some 80% of the portfolio is comprised of gold notes, issued by banks rated A or better, which carry between 100% and 90% capital protection. The remaining 20% of the portfolio is invested in Insch’s proven currency program in which maximum losses are strictly limited to 50% of the currency allocation. This means that of every $1,000,000 of invested capital, only $100,000 is at risk – an important consideration in these troubled times."
Interestingly, the number of banks rated A or better might have decreased of late, as Standard & Poor's Ratings Services has just lowered its credit ratings for many of the world's biggest banks.
In August, Insch Capital based reported that Goldilocks had returned +3.50% (+...................... To view our full article Click here
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