Fund manager Adam Rozencwajg is bullish on gold but even more bullish on oil. Over the next six months Adam foresees oil likely outperforming gold. Thus about 50% of his fund is positioned in oil and gas related investments. About 14% of Adam’s fund consists of gold investments but he expects to increase this percentage up to a full allocation of about 25% eventually. Adam is also bullish on uranium as 15% of his fund is deployed into this sector.
In this interview, you’ll learn about how the Goehring & Rozencwajg Resource Fund approaches resource investing and where they are finding the greatest value. The G&R fund was founded by Leigh Goehring, one of the leading authorities in global commodity investing, and long-time partner Adam Rozencwajg. Mr. Goehring and Mr. Rozencwajg originally collaborated at Chilton Investment Company, where they managed upwards of $5 billion in assets within Chilton’s global natural resources strategy. Prior to Chilton, Mr. Goehring served as the manager of the Prudential Jennison family of natural resources funds, managing over $3 billion at their peak. Mr. Rozencwajg previously worked in the Investment Banking department at Lehman Brothers.
00:00 Introduction
1:38 G&R Resource Fund’s approach
6:13 Oil is our most contrarian investment now
7:47 Far left political movements threaten your oil & gas investments?
9:37 EV bottleneck comes down to batteries
14:32 Lithium Ion batteries
16:08 Tesla’s impact on mining industry
20:18 What the oil to gold ratio is indicating
25:47 How would a recession impact your bullish view on oil?
31:04 Investing in gold miners
35:16 Info on Adam’s fund and services
Adam’s fund:
Sponsor info: Ticker: TMQ
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