Latest News
NewGen reports 2010 perfomance for the NewGen Mining Fund SPC and NewGen Mining Fund LP of 88.7% (net) and 84.4% (net), respectively.
NewGen announces the launch of the NewGen Mining Fund LP for Canadian Accredited Investors.
NewGen launches the NewGen Mining Fund SPC for offshore investors.
The NewGen Mining Fund SPC is an open-ended investment company incorporated under the laws of the Cayman Islands as an exempted segregated portfolio. It is an investment vehicle for Offshore investors.
| Inception Date | November 9, 2009 |
|---|---|
| Minimum Subscription | $100,000 |
| Base Currency | CAD |
| Management Fee | 1.8% p.a. |
| Performance Fee | 20% |
| High Watermark | Yes |
| Subscriptions | Monthly |
| Redemptions | 30 Day Notice |
| Prime Broker | Scotia Capital |
| Auditor | Marcum (Cayman) |
| Fund Administrator | SGGG Fund services (Cayman) |
| Legal Advisors | Katten Mutchin Rosenman LLP/ Ogier |
David Dattels
Mr. Dattels, CFA, is the Principal of NewGen Asset Management Limited and the Portfolio Manager of the NewGen Mining Funds.
W.S. (Steve) Vaughan
Steve Vaughan is a partner at Heenan Blaikie. He is a well-respected mining and natural resources lawyer with over 40 years experience and is also a geologist. Mr. Vaughan is a director of several mining companies and a member of numerous professional/trade associations. He has written numerous publications on natural resource financing, mining, due diligence and related securities law issues.
Marshall Auerback
Marshall Auerback is an advisor to various asset management companies including PIMCO, the world’s largest bond management group, Pinetree Capital and RAB Capital. He is a director of various public companies. Mr. Auerback has over 28 years experience in the investment management industry with an emphasis on emerging markets. He has degrees in English & Philosophy (Queens) and law (Oxford).
Guy Elliot
Guy Elliott is founder of F3 Capital Management, LLC, an independent alternative asset management and advisory firm. He has over 30 years capital markets and investment experience. He was formerly president and co-founder of Croesus Capital Management and president of Rothschild Emerging Markets. He is currently a director of several mining companies. He holds a degree in Economics (LSE).
Roger Murphy
Roger Murphy is the head of metals & mining at Renaissance Capital. He has over 29 years experience in mining and finance. Mr. Murphy was previously head of sales at Canaccord Adams and worked in sales and research for Deutche Bank. He was also an exploration and mine geologist working for several years in Southern Africa. He holds B.Sc. in Geology an M.Sc in Hydrogeology and an MBA.
