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The investment seeks to profit from a rise in the value of hard currencies relative to the U.S. dollar. The fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in "hard currency" denominated investments. The fund normally obtains exposure to hard currencies by directly investing in high quality, short-term debt instruments, including sovereign debt, denominated in hard currencies, or indirectly by investing in domestic fixed income securities and forward foreign currency contracts on hard currencies. The fund is non-diversified.
Name | Title | Since | Until |
---|---|---|---|
Axel Merk | Founder, President | 2005 | Now |
Biography | Axel Merk is President and founded Merk Investments LLC in 2001. Mr. Merk heads the portfolio management team. Mr. Merk conducted investment advisory activities for Merk Investments AG, a company he founded in Switzerland in 1994, until he transferred these activities to Merk Investments LLC in 2001. He holds a B.A. in Economics (magna cum laude) and a M.Sc. in Computer Science from Brown University in Rhode Island. Mr. Merk has been a portfolio manager of the Merk Hard Currency Fund since it’s inception in 2005. |
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