Swiss Hedge Fund to Offer Clients Gold Shield Against Inflation
- EDL Capital to offer gold and silver share classes from Aug. 1
- Record stimulus has sparked concerns of currency debasement
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A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
EDL Capital, started by former Moore Capital Management portfolio manager Edouard de Langlade, will begin offering the two share classes in its macro hedge fund starting Aug. 1, Jannik Wenger, the firm’s head of investor relations, said in an emailed statement. The move will give investors an alternative to currencies such as the dollar and euro, and provide exposure to the precious metals.