Hinde’s Hedge Fund Advances 44% After Dumping Equities for Gold
Tuesday, November 17, 2009 : PermalinkBloomberg – Hinde Capital Ltd.’s hedge fund gained 44 percent this year after selling its holdings in the biggest mining companies to buy gold.
The Hinde Gold Fund made the switch in October 2008, having previously held equal weightings in equities and gold, according to Ben Davies, co-founder of the fund. He declined to say which stocks the fund had sold.
