Superfund Offers Shares Denominated in Gold

Alex’s Notes: Sign of the times? Who said Gold isnt money again?

Oh wait, its just a barbarous relic, I forgot.

***

Osmium offers new share class denominated in gold,
Superfund develops similar fund amid concern about currency exposure

By Alistair Barr & Steve Goldstein, MarketWatch
Last update: 2:23 p.m. EST Jan. 28, 2009

SAN FRANCISCO (MarketWatch) — Osmium Capital Management Ltd. is launching a new class of shares in its Special Situations hedge fund that will be denominated in gold as the firm tries to attract more money from investors in the midst of a global financial crisis.

The Osmium Special Situations Fund, run by former ABN Amro trader Chris Kuchanny, already has share classes denominated in U.S. dollars, euros and British pounds. The fund currently oversees $178 million.

Full article

Like what you see? Share with a friend
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • LinkedIn
  • Live
  • NewsVine
  • Reddit
  • Slashdot
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • Twitter

Leave a Reply

You must be logged in to post a comment.


Bad Behavior has blocked 1190 access attempts in the last 7 days.