MEDIA RELEASE
Zurich, Switzerland, July 30, 2012 - The Swiss Wealth Management Boutique Falcon Private Bank announces the launch of Falcon Gold Equity UCITS Fund in Luxembourg which will be managed by Tocqueville Asset Management, L.P. ("Tocqueville") effective August 10, 2012.
The Fund invests in securities of companies located throughout the world that are engaged in mining or processing gold. A part of the net assets of the Fund can be invested in companies that mine or process other precious metals, gems or colored metals. The Falcon Gold Equity UCITS Fund follows a value approach to investing and the portfolio manager identifies companies that are undervalued based on his judgment of relative value and growth potential. The Fund will be available for public distribution in Luxembourg, Germany and Austria (other markets in planning).
The new fund will be managed by Tocqueville Asset Management - an investment management boutique based in New York - whose core business is the active management of securities that are engaged in mining or processing gold. Tocqueville manages one of the most successful and award winning gold mutual funds in the US (Tocqueville Gold Fund) which has consistently delivered top quartile performance since 1998. Tocqueville Asset Management currently oversees US$11 billion of client assets and approximately $2.65 billion is managed in the gold strategy (effective June 30, 2012). The Falcon Gold Equity UCITS Fund will be managed by John Hathaway who has over 40 years of professional investment experience. John is supported by his co-portfolio manager, Doug Groh, and a dedicated team of 4 analysts focusing on in-depth primary research across the gold sector.
"We are delighted about the launch of Falcon Gold Equity UCITS fund and our new strategic partnership with Tocqueville Asset Management and are confident that world-renowned fund manager John Hathaway and his dedicated team are the right partners to carry our successful Gold strategy forward" says Eduardo Leemann, CEO of Falcon Private Bank.
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TOCQUEVILLE ASSET MANAGEMENT, L.P. is an entrepreneurial, employee-owned limited partnership that focuses exclusively on growing and preserving its clients' long-term capital. Tocqueville invests alongside its clients and therefore has more than a professional interest in producing results that meet and exceed expectations.
FALCON PRIVATE BANK LTD. is an experienced Swiss private bank specialized in wealth management for private clients, wealthy families and institutional investors. Its clients all over the world enjoy the benefits of over 40 years of experience in Swiss private banking and the financial strength and solidity of its owner aabar Investments PJS. Falcon Private Bank has branches and representative offices in Geneva, Hong Kong, Singapore, Abu Dhabi and Dubai. Falcon Private Bank also holds 42.5% of bank zweiplus; the other 57.5% is owned by controlling shareholder Bank Sarasin & Cie.
AABAR INVESTMENTS PJS is a global investment company investing across industry sectors in attractive opportunities with significant long-term growth potential. International Petroleum Investment Company, an Investment company wholly owned by the Government of Abu Dhabi, owns 95,3 % of the shares in aabar.
MEDIA CONTACT:
IRENE FRANCO
Falcon Private Bank Ltd.
Head of Communications, Media Relations
+41 44 227 57 32
irene.franco@falconpb.com
www.falconprivatebank.com
