New fund to offer investors exposure to physical diamonds
LONDON, February 18, 2009 – KPR Capital Limited has announced the launch of a fund which offers investors access to physical diamonds capitalising on the price appreciation of top quality colourless diamonds.
The KPR Diamond Fund, which is open to investors in February and will launch on the 2nd March 2009, aims to provide returns which are not correlated with traditional asset classes, act as a hedge against inflation and benefit from the supply/demand imbalance over the long term, a statement said.
The fund, which is part of KPR Fund SPC, a Cayman Islands open-ended investment company, has a minimum investment of U.S. $250,000.
The investment manager has engaged a team of diamond industry experts that have in-depth knowledge and industry insight of the diamond market.
The fund’s investment adviser is Goldwinds Asset Management Limited, a London-based asset management firm.
Investors in the fund may benefit from the option to purchase stones on selected diamond sales by the fund at a wholesale price.
Giovanni Pennetta, CEO of Goldwinds Asset Management, said: “The long term outlook for diamonds is robust. We are confident that this fund will provide the means for investors to diversify their portfolio and gain exposure to physical diamonds in a cost-efficient way.”
KPR Capital Limited is an alternative asset manager which offers bespoke alternative investment products to financial institutions, funds of hedge funds, family offices and high net worth individuals.