This Hedge Fund Reaps Huge Returns But It Doesn’t Want Your Money
- Plethora’s small size explains most of its success, owners say
- Outperforms Gold BUGS index, others, over past six years
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The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.
With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutch fund isn’t interested in being like its larger peers.