Gold hedge fund launch

Hinde Capital and Laven Partners collaborate on gold hedge fund

Hinde Capital has teamed up with investment management consultants Laven Partners to launch a gold hedge fund targeting a return of 25% each year. The Hinde Gold fund, which came to the market on 19 October, will solely invest in gold and gold-related securities. Billed as the world's first dedicated gold hedge fund, it will be run by Mark Mahaffey, former managing director of Bank of America and Ben Davies, former head of London trading at RBS Greenwich. Domiciled in the British Virgin Islands, the fund will be run on an absolute-return basis, with a heavily long position supplemente...