by Brian Sylvester, MineWeb.com
Malcolm Gissen and Marshall Berol of the Encompass Fund have faith in hard assets-gold, silver, uranium, antimony, other strategic metals-and resource equities-oil and natural gas. Energy Report interview.
The Energy Report: At the end of February, the Encompass Fund was up 20%, but by late April those gains had been reduced to 11%. Where does your performance stand now?
Marshall Berol: As of mid-June, the fund was down 6% year-to-date. We invest in a lot of resource companies and a number of the smaller firms have not done well recently. That is reflected in the fund?s short-term performance. However, our objective is long-term capital appreciation.
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