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Montreux Natural Resources Fund is world’s second best-performing hedge fund

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The Montreux Natural Resources fund is the world's second-best performing hedge fund in 2016, according to international analyst firm Preqin Research.  

The Cayman Islands-domiciled fund, managed by Montreux Capital Management Cayman, has returned 142 per cent over the last 12 months, driven by the surging gold price and the performance of assets in which the fund invested. 
The Montreux Natural Resources fund ranked second for net return during 2016 out of 14,500 hedge funds assessed, in the Preqin Global Hedge Fund Report, 2017.
The USD32 million fund, which generates returns through a range of commodity-related transactions, has during the last 16 months purchased mining interests in Tanzania, east Africa, and a refinery in Guinea, west Africa, at the bottom of the commodity super cycle as other participants were looking to exit.
Once the mines are in full production they are expected to produce large quantities of gold on a weekly basis and at between USD450 and USD600 per ounce, so providing the fund with a share of the mines' operating profits.
"The spectacular performance of the Montreux Natural Resources Fund over the last 12 months has coincided with the resurgence in the gold sector, and validates the investment management decisions we have made for the fund, making it one of the stand out performers in the commodity sector both last year and stretching into this year," says Oliver Harris (pictured), managing partner of Montreux Capital Management Cayman.
"The gold mines in Africa could produce over USD40 million in cash per year. 
"A listed miner recently bought a mine within five miles of the fund's Tanzania mines for a significant sum because of the amount of metal discovered within the ground. 
"Moreover, the Guinea refining capacity owned by the fund should enhance investor return yet further."
Montreux Natural Resources was listed by the 2017 Preqin Global Hedge Fund Report as a "Top Performing Hedge Fund", and also a 2016 top-performing "Macro Strategies Fund", "Europe-Based Hedge Fund", "Activist Fund", "Discretionary Trading Fund", and "Hedge Funds, January 2014 – December 2016"

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