Paul V. Azzopardi

Hedge Fund to Measure Returns in Gold Rather than Currency

The volatility of the price of gold is such that it would mess with the hedge fund's performance figures, which have to be re-translated to the familiar currencies all the time. But I guess it's a two-way marketing win: gold goes up, everybody wants it (even though this is just a denomination, not an actual investment) ; gold goes down, the fund's performance shoots up. Its a marketing issue, no investment beef. Cheers !