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Alternative Market Briefing

Windermere’s mining hedge fund geared for bull cycle, up 122% YTD

Friday, July 22, 2016

Benedicte Gravrand, Opalesque London:

Precious metals such gold, silver, platinum and palladium, have not exactly shined in the past few years, but have started to experience recoveries so far this year. And the few funds out there investing in precious metals related equities are reaping the profits.

Windermere Capital’s mining fund returned 93% in the second quarter of this year, and is up 122% YTD. Blackrock’s World Mining Fund A2 is recovering with a YTD return of 55%. Sprott Asset Management’s Gold & Precious Minerals Fund is up 97% YTD and its Hedge Fund L.P. II up 84%.

Meanwhile, the Gold & Silver Index (XAU) was up a staggering 21% in June, which brings the gain for the quarter to 40%, and 115% YTD. "One gets a sense that there is more to come as continued uncertainty looms on the horizon and the generalist funds remain under invested in this sector," Windermere's monthly report comments.

Windermere Capital’s Breakaway Strategic Resource Fund is a long-biased fund focused on making strategic investments in precious, base and strategic metals. Launched in late 2009, its early years were very rewarding but not so much between 2012 and 2015. But this year’s performance so far has resulted in a 186% return since inception.

Windermere Capital managing director Chris Wright told Opalesque that......................

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