Resources Gold Fund
Specialist Gold & Precious Metals Strategy
An actively managed allocation reflecting the Victor Smorgon Group’s long-standing conviction in gold
Introduction
Launched in 2020 and cornerstoned by the Victor Smorgon Group, the Resources Gold Fund provides select wholesale investors with access to a concentrated gold strategy informed by direct operational and investment experience in the sector.
Gold has historically served as a strategic portfolio allocation during periods of macroeconomic stress, currency volatility and geopolitical uncertainty. The Fund seeks to actively manage this exposure, capturing opportunities across the gold value chain (producers, developers and explorers) while applying disciplined risk controls.
This is a specialist allocation designed for sophisticated investors who understand the cyclical nature of commodity markets and the importance of capital discipline.
Annualised return since inception
13.8%
Annualised alpha
since inception
4.9%
Inception
May 2020
Fund Manager
Cameron Judd
Fund Overview
Investment approach:
Active long/short gold equities strategy informed by specialist sector research.
Investment objective:
To generate attractive risk-adjusted returns over the medium to long term through active investment across gold and precious metals securities, complemented by physical gold exposure.
Fund launch date:
May 2020
Minimum Investment:
$100,000
Investor Eligibility:
Wholesale investors only
Structure:
Unregistered Australian wholesale unit trust
Trustee:
Gannet Capital Pty Ltd (AFSL 340799)
Investment Manager:
Victor Smorgon Partners Pty Ltd
Base Currency:
AUD
Geographic focus:
Tier 1 jurisdictions
Typical holdings:
5-15 holdings
Typical position sizes:
Maximum 20% position size (at cost)
Minimum 50% exposure to gold equities and/or physical gold
Physical gold allocation capped at 10%
Liquidity:
Monthly
Valuation Frequency:
Monthly
Applications/Redemptions:
Monthly
Fees
Management Fee:
1.00% p.a
Performance Fee:
20% above 8% hurdle, subject to High Water Mark
Buy/Sell Spread:
30 bps
Full details in the Information Memorandum.
APIR/ISIN
Fund Performance
Past performance is not a reliable indicator of future performance.
Fund Reports and Documents
Why Invest
Active gold alpha
Designed to capture inefficiencies beyond passive gold exposure.
Strategic portfolio diversifier
Gold has historically demonstrated low or negative correlation during periods of market stress.
Direct sector insight
Informed by the Victor Smorgon Group’s operational gold ownership and physical bullion exposure.
Aligned capital
Cornerstoned by the Victor Smorgon Group.
Investor profile
Designed for sophisticated and wholesale investors who:
Seek specialist gold exposure
Understand commodity concentration risk
Have a long-term investment horizon
Can tolerate elevated volatility
Invest
Important Information
The Victor Smorgon Partners Resources Gold Fund is an unregistered Australian wholesale unit trust.
This webpage has been prepared by Victor Smorgon Partners Pty Ltd. The trustee of the Fund is Gannet Capital Pty Ltd (AFSL 340799).
The information on this webpage is provided for general information purposes only and does not constitute an offer or recommendation to invest. Interests in the Fund are available only to wholesale clients as defined under the Corporations Act 2001 (Cth).
Potential investors should consider the Information Memorandum and seek professional advice before making an investment decision.
Investment in the Fund carries risks and the return of capital and performance of the Fund are not guaranteed by Victor Smorgon Partners, the Trustee or any related entity.
Contact us
For further information, monthly reports or investment enquiries:
Victor Smorgon Partners
Level 12, 644 Chapel Street
South Yarra VIC 3141