George Town, Cayman Islands, June 12, 2010 --(PR.com
)-- The massive worldwide demand for gold investment vehicles combined with return levels far above industry norms, GHF Group has seen this fund fully subscribed in a record period of time. An alternative product is currently being developed, and is expected to be available in early September. This time is needed is to acquire regulatory clearance for the new fund as per current fund rules.
The gold fund was launched in the third quarter of 2009 when prices were closer to $920. Because the fund effectively leverages price increases, the current market price per ounce has resulted in a few months with three digit value increases. The over-subscription was primarily due to existing clients attempting to increase their holdings of the fund. The new alternative fund will be made available first to existing clients before being offered through its partner network.
Global Hedge Fund Group Ltd. (GHF Group) has been developing customized alternative investment solutions and providing corresponding advisory services since 2000. Our priority lies with hedge funds and private equity. GHF Group has also become a leader in providing funds in the life settlement industry. All products are designed to provide sustainable and above-average rates of return. Instability and risk are reduced by well-structured investment strategies whose clarity and success are established. Our team of competent professionals has the distinction of reliability, effectiveness and promptness. GHF Group's expertise in hedge funds is enhanced by a close association with leading research firms, successful hedge fund managers, and brokerage houses whose macro research gives its research team an edge in understanding world market trends, enabling them to make better hedge-fund allocation decisions. For more information, visit Global Hedge Fund Group’s website at ghfgroup.net.
This news release may contain forward-looking statements, as defined by securities laws, including statements about the financial outlook and business environment. Any such statements are based on current expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this news release, that could cause actual results to differ materially are set forth in the company’s current annual report and subsequent filings. They include risks and uncertainties relating to the pace at which GHF Group adds new clients or at which existing clients use additional services, the value of global and regional financial markets, and the dynamics of the markets GHF Group serves. GHF Group encourages investors to review filings in conjunction with this announcement and prior to making any investment decision. The forward-looking statements contained in this news release speak only as of the date of release, and the company does not undertake to revise those forward-looking statements to reflect events after the date of this release.