Pacific Group Thinks Gold Will “Go Ballistic” in 2010

January 07, 2010  

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.

Suzy Kenly

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 fund’s heavy exposure to gold—roughly 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.

Subscribe

Subscribers have unlimited access to all online content inc rankings. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to online content one week (excludes research & rankings). Start your trial today.

Free Trial




Bank of America/Merrill Lynch provides the innovative research and market insights that will help you succeed, including commentary on the key themes for the year ahead as well as trends driving growth in important industries and sectors. You will gain access to global research and the other information you need to make informed investment decisions.

Click here for more details.


Latest Poll

Do activist hedge fund investors ultimately add value to the companies they target?

 - 58%
 - 42%

View previous results