A hedge fund has begun offering investors the chance to have their investment denominated in gold, amid concerns that governments are debasing their currencies by printing money. Osmium Capital Management, a $178m hedge fund manager based in Bermuda, is launching a new share class allowing investors to hold shares measured as troy ounces of the fund, rather than dollars, sterling or euros. The move follows investor demand for small gold bars and coins held by individuals and gold-backed ETFs that are holding a record amount of bullion. This week London spot gold prices rose above $900 an ounce and set all-time highs in sterling and euro terms as investors rushed into the metal. On Thursday gold was trading at $886.75 an ounce.

This entry was posted by Gwen Robinson on Thursday, January 29th, 2009 at 5:50 and is filed under Capital markets, Hedge funds. Tagged with Osmium. Edit this entry.