Hong Kong-based The Pacific Group, which
manages the $100 million Greater Asian Hedge Fund, an
equity long/short strategy with a macro overlay, was up 40%
last year and is up 1% in the first three days of trading this
year. Founder Bill Kaye largely attributes
this performance to the funds heavy exposure to
goldroughly 60% of the fund was long gold in the second
half of 2009, and Kaye predicts the price of gold will go
ballistic this year.
Assuming the U.S. government continues...
This article was originally published in Alternative Investment News.