Financial Times FT.com

Hedge funds offer to price in gold

ByJames Mackintosh and Javier Blas

Published: January 29 2009 00:15 | Last updated: January 29 2009 00:15

A hedge fund has begun offering investors the chance to have their investment denominated in gold, as worries grow over governments debasing their currencies by printing money.

Osmium Capital Management, a $178m hedge fund manager based in Bermuda, is launching a new share class allowing investors to hold shares measured as troy ounces of the fund, rather than US dollars, sterling or euros.

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