Hedge Fund Awards 2014

Baker Steel’s range of resource funds is designed to suit differing investor needs and includes Genus Dynamic Gold Fund, Genus Natural Resources Fund, Baker Steel Re- sources Trust and Baker Steel Alpha Gold Fund. The Baker Steel team has extensive experience in invest- ing in the natural resources sector with strong technical backgrounds as geologists, metallurgists and mining en- gineers coupled with fund management expertise. These combined skills give it a critical edge as stock-picking spe- cialists seeking fundamental value. Mr Baker said: “Our fund managers and analysts make regular research trips throughout the world, covering con- tinents as diverse as Eurasia, Africa, North America and Australia, identifying investment opportunities with the best growth prospects and value. Ours is arguably one of the only teams in the sector with such breadth and depth of experience.” Despite 2013 being a difficult year for gold and natural resource equities in general, Baker Steel managed funds achieved excellent results on a number of transactions, in- cluding the buyout of Archipelago Resources, an Indone- sian gold miner, by its largest shareholder. Archipelago has held a core position in the portfolio over the past few years and the completion of the investment cycle exemplifies Baker Steel’s proactive investment philosophy of seeking companies with high quality underlying assets, competitive cash costs and strong management with a focus on share- holder returns. In the UK market, Baker Steel Alpha Gold Fund outper- formed its peer group as registered in the league table at Citywire: best out of 11 in total return and level of risk. Mr Steel explains: “This outperformance was achieved due to innovations in gold equity portfolio management imple- mented in this fund, such as systematic management of portfolio exposure to the gold price, and a set of instru- ments designed to protect the value of fund’s units during ‘grey swan’ type events.” Following the severe downturn in the gold and gold equities sector during 2013, the Baker Steel team is assessing a www.acquisition-intl.com 2014 International Hedge Fund Awards Baker Steel Capital Managers LLP range of new opportunities which will continue to drive the long-term outperformance of Baker Steel managed funds in the gold equities and resources sectors while continuing to target companies with attractive risk/reward ratios. Mr Steel added: “It certainly has been a challenging period for investing in resources in the last couple of years, but we look with great confidence to the future for the perfor- mance of our funds and continued development of Baker Steel as a leading specialist investor in the resources sec- tor. In terms of how I felt when we heard of our success win- ning this award; the main feeling was of satisfaction that the efforts of the whole Baker Steel team and partners over the last 12 years have been recognised. We believe that the investment environment in the natural resources sector is improving and that a potential turnaround in 2014 will generate a range of compelling investment opportunities.” Previously, the pair worked within Merrill Lynch Invest- ment Management’s award-winning natural resources team, where Mr Baker managed the Mercury Gold Metal Open Fund, the largest precious metals fund in Japan and Mr Steel was a senior portfolio manager including primary respon- sibility for the BlackRock World Gold Fund (formerly MST World Gold & Mining Fund). Fact File Company: Baker Steel Capital Managers LLP Name: Trevor Steel, Managing Partner Email: [email protected] Web: www.bakersteelcap.com Address: 86 Jermyn Street, London SW1Y 6JD Telephone: +44 (0)20 7389 0009 Fax: +44 (0)20 7389 8222 “In terms of how I felt when we heard of our success winning this award; the main feeling was of satisfaction that the efforts of the whole Baker Steel team and partners over the last 12 years have been recognised.” Baker Steel Capital Managers LLP (Baker Steel) is a specialist natural resources asset management firm established in 2001, with offices in London and Sydney. The Baker Steel investment team is led by Managing Partners David Baker and Trevor Steel. Mr Steel is also the Chief Investment Officer. Natural Resources Fund Management Firm of the Year - UK 24