RK Capital Plans to Launch Precious Metals Based Hedge Fund

Bloomberg reported RK Capital plans to launch a hedge fund that will bet only on rising precious metals like palladium.

As quoted in the market news:

The Red Kite Real Return Fund Ltd. will invest in industrial and precious metals and will appeal to investors who look at returns over six to 12 months, David Lilley, co-founder of RK Capital Management, said in an interview in Lausanne, Switzerland, today. The London-based fund will start June 1 and may close to new investors should it reach its maximum target, he said.

Click here to read the full Bloomberg report.