Robson Van Eck Fund Now In CAD With Reduced FX Risk |
Date: Friday, May 1, 2009
Author: Robson Capital Management
Robson Capital Management is pleased to announce
that units of the Robson Van Eck Hard Assets Fund, Series A, F and X, will now
be denominated in CAD. An active
currency risk management program will be implemented to reduce the USD exposure
from the investment in the master fund. The Fund will use currency derivatives such as forwards or futures, from
time to time, to manage the risk of exchange rate fluctuations between the CAD and
USD.
The Fund’s investment objective is high absolute
returns in all market conditions through long/short investments in natural
resource equities and commodities. The
Fund invests substantially all of its assets in a master fund managed by Van
Eck Global, a fund denominated in USD. The master fund has generated a consistent low-volatility annualized
return of 9.5% (net of fees) over the past 10 years by using proven hedge fund
strategies. The master fund has low beta
and high alpha relative to the major commodity and equity indices, resulting in
improved portfolio returns and reduced portfolio risk.
Van Eck is a world leader in commodity investing,
with assets under management at March 31, 2009 of US$10.2 billion, including
US$540 million in hard asset hedge fund strategies. The firm has 40+ years of hard assets
investment experience and a 12+ year record of managing global hard assets
hedge strategies.
Robson
Capital Management is an investment management company dedicated to the
development, marketing and management of specialty investment funds for
Canadian investors. Since its founding
in 2003, Robson has established two alternative investment funds: the Robson Van Eck Hard Assets Fund and the
Robson Everest Global Fund. Robson’s
team is led by Jeffrey C. Shaul, CFA, FCSI, with more than 23 years of
investment industry experience, in the research and assessment of investment
opportunities and the management of investment funds.