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.

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