{"id":5885,"date":"2007-04-02T00:00:00","date_gmt":"2007-04-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mining-fund-to-buy-shares-and-sell-metal","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2007\/mining-fund-to-buy-shares-and-sell-metal.html","title":{"rendered":"Mining fund to buy shares and sell metal"},"content":{"rendered":"<p>  London &#8211; A new resources hedge fund aims to pick undervalued explorers and small-scale miners rather than piggyback on rising metal prices, its managers said.<\/p>\n<p>  An unusual feature of the Blackfish-Investec Resources Special Situations fund is that it will offset the risk of lower metal prices hurting shares, by &#8220;shorting&#8221; commodities &#8212; betting that prices  will in fact fall.<\/p>\n<p>  &#8220;What we are not looking to do is establish a fund that&#8217;s going to go up or down in sympathy with the underlying commodity price &#8212; there are enough of those already,&#8221; Martyn Konig, chief executive  of London-based Blackfish Capital Management told Reuters in an interview.<\/p>\n<p>  If the fund buys shares in a copper miner, it can take a short position in copper.<\/p>\n<p>  <a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/105956388\/idUKNOA22566420070402\"><\/a><\/p>\n<p>  &nbsp;<\/p>\n<p>  &nbsp;<\/p>\n<p>  <strong><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/105956388\/idUKNOA22566420070402\">Read Complete Article<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/105956388\/idUKNOA22566420070402\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>London &#8211; A new resources hedge fund aims to pick undervalued explorers and small-scale miners rather than piggyback on rising metal prices, its managers said. An unusual feature of the Blackfish-Investec Resources Special Situations fund is that it will offset [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5885","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5885"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5885\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}