Summary
BOSTON (HedgeWorld.com) - While many hedge funds make plays in black gold, a new hedge fund from Solios Asset Management is turning to a more exotic and undervalued energy source - yellowcake.
The Solios Uranium Fund will buy and hold physical uranium for periods of several years, while hedging with uranium-related equities, such as uranium producers and mining concerns. The strategy seeks to exploit what Solios' Mitchell Dong said is an imbalance between the supply and demand of uranium that's been 20 years in the making.See the full content of this document
Extract
Solios Launches Uranium Fund
Right now, "Demand exceeds supply by 50%, and it's going to remain that way for another five years," said Mr. Dong, chief investment officer for the fund. He noted that the price of uranium has risen from $10 to $50 per pound over the last three years, that supplies will not meet demand until 2013, and...
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