Fund launches & closures

Insch launches open-ended version of gold and currency fund

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Zug-based Insch Capital Management is opening its hybrid gold and currency fund, called Goldilocks, on a continual open-ended basis after strong gains in 2011. The fund, which has until now been available only in a closed-ended format, is up 9.66% year-to-date and has made 11% on a rolling 12-month basis.

The fund launched in January 2010, since when it has notched up 45% returns on capital at risk. Christopher Cruden, CEO at Insch Capital, cites a high level of capital protection as a key factor in the fund’s success.

“Some 80% of the portfolio is comprised of gold