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Purnur Schneider From Precy Dumlao, Opalesque Asia:
Zug, Switzerland-based alternative investment manager Insch Capital Management AG generated mixed results for its two hedge funds last month, but at the same time offered an new hybrid investment tool with the launch of Black Gold fund.
Insch’s Goldilocks fund, which focuses in gold notes, finished February down -1.17% from a +2.30% gains in January. This brings the fund’s YTD performance to +1.10%. The fund has returned 2.2% since its January 2010 inception.
Insch said in its monthly communication to investors that "Ben Bernanke’s speech on February 29 led to delay in the expectations of Federal Reserve’s launch of QE3. This triggered a sharp drop in the Gold price."
The Insch Kintillo - Interbank Currency Program, which has returned 144% since its January 2000 inception, benefited from the strong currency movements trends in carry and oil-driven currencies against the Japanese yen. Insch Kintillo ICP 1:1 ended the month with with a gain of +0.81% (+1.68% YTD) and Insch Kintillo ICP 3:1 gained +2.25% (+4.73% YTD). Currently the currency portfolio is net long USD, GBP and JPY and net short EUR, CHF, AUD and CAD.
Insch's Head of Research Purnur Schneider said the firm had launched the Insch Black Gold, an hybrid investment tool with a bond-like structure secured by fully proven oil resources, predominantly in Canada. It is a BVI Limited Liabilit...................... To view our full article Click here
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