As the price of gold hovers just below $800 an ounce, one hedge firm is preparing to roll out a fund that will invest solely in gold and gold-related securities — and target returns of 25% per year, reports the WSJ. Precious-metals trading company Hinde Capital and investment-management consultants Laven Partners said they aim to raise as much as $500m. Credit Suisse has forecast that the gold price will soar to more than $1,000 per ounce over the next five years as dwindling supply of the precious metal combines with increased demand, reports the Telegraph.

This entry was posted by Helen Thomas on Wednesday, October 31st, 2007 at 4:58 and is filed under Capital markets, Hedge funds. Tagged with gold, Hinde. Edit this entry.