Investors in some of Australia’s best performing gold funds are being offered the chance to cash in on their mega returns, throwing up a tough decision of whether to keep riding the record rally in the precious metal or take some money off the table.
Family office Victor Smorgon sent a letter this week to investors in its Concentrated Gold Fund to give them the opportunity to redeem their money early after the strategy returned more than 50 per cent in just six months. It had intended to lock up the capital for between 12 and 18 months.
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