Goehring & Rozencwajg, the natural resource investment firm, has launched the CG Goehring & Rozencwajg Resources Feeder Fund.
This newest fund from Goehring & Rozencwajg, in distribution partnership with Align Partners Capital, aims to provide investment opportunities to UK retail investors, in particular discretionary wealth managers, who follow Goehring & Rozencwajg’s research and analysis of commodities markets.
The fund is a feeder to the Goehring & Rozencwajg Resources Fund, a UCITS fund that was offered to professional investors in the UK, Switzerland, Germany, Hong Kong, and Singapore last year.
The new feeder fund is being introduced to cater for a high demand from UK retail investors for access to Goehring & Rozencwajg’s Resources strategy.
Both the UCITS fund, which has grown to $125m in assets under management, and the feeder fund mimic the investment philosophy of the US-based Goehring & Rozencwajg Mutual Fund.
This philosophy entails investing predominantly in natural resource equities, including small- and mid-cap companies. However, Goehring & Rozencwajg's investment team analyse all sectors, from agriculture to copper and uranium, that they believe stand to benefit most from a rally in the underlying commodity prices.
The strategy has returned +153% since 2016, outperforming both the GSCI Total Return Index (+71%) and the GSCI Spot Index (+86%).
Adam Rozencwajg, managing partner of Goehring & Rozencwajg said: “We are thrilled that the CG Goehring & Rozencwajg Resources Feeder Fund has received approval to be made available to a broader range of investors in the UK.
“This new fund will enable UK-based investors an avenue to invest in our unique philosophy and highly-focused natural resources insights. We have heard the demand from eager investors and are proud to bring another successful investment vehicle to the global market.”
The statement further said tat "over the 26 years that Leigh Goehring and Adam Rozencwajg have shared their market commentaries and contrarian outlook, their analysis has accumulated a large global following that has sparked the demand for the new fund".
The fund launch came "at a crucial time", as Goehring & Rozencwajg believe that a commodity bull market has begun across many sectors.