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Paul Gambles

Recognized as a regional financial expert, Paul is a regular speaker at industry events on market forecasting, financial planning, investing and legal issues for foreigners living or doing business in Asia.  Besides Paul’s blog, Paul previously distributed his ‘almost-daily’ email – “Daily Updates”, where he gave his views on timely issues affecting financial markets, macro economics, micro economics and everything in-between.

Born in South Yorkshire, England, Paul graduated from the University of Warwick with an Honours degree in English and European Studies.  He began his financial career in the early 1980s as a technical inspector at HMIT with Inland Revenue.  Following a successful career change to the Bank of Scotland in 1987, Paul moved to Bangkok in 1994 to help set-up an investment counseling practice, which today is known as MBMG International.

www.mbmg-international.com

  

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Instead of the usual (is there such a thing?) DU today, I’m delighted to be able to share some great news about one of our specialist sub-portfolio managers, Moonraker, who look after the commodity holdings within our client portfolios.

MBMG’s Commodity Experts Win Prestigious Annual Fund Award

30 September 2009

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Moonraker, which manages the commodity portions of MBMG’s portfolios, won Best Performing Energy/Commodities Fund at the European Fund of Hedge Funds Awards on 26 November.

Moonraker Commodities Fund manager, Jeremy Charlesworth, believes the global economy is "looking down the barrel at increasing waves of inflation over the next few years", an event that will play well to the commodities markets, as investors seek to diversify away from currencies into more tangible assets that may hold their value better.

Despite depressed economies, recent rises in commodities prices – gold hit a new high of £1,100 an ounce recently – have come on the back of concerns that currencies may be depreciating.

The Moonraker Commodities Fund has £6 million assets under management and currently focuses primarily on North America and Europe, Middle East and Africa (EMEA).  From inception in June 2008 to September 2009 the fund has returned 21.8%, compared to a fall of 40.7% for the DJ-UBS Commodity Index.Moonraker's philosophy is to position the portfolio towards the strategies which will profit the most from the imminent economic scenario. "Thus, we are always looking forward rather than backwards and cannot rely on extensive back-tested analysis to support our investment decisions," Charlesworth explains.

Paul Gambles, MBMG Group Managing Partner and Co-founder, was fulsome in his praise of the Moonraker team, “we’re delighted that the European Fund of Hedge Funds Awards has once again this year recognised the exceptional performance and consistency of another of our portfolio management partners. We’d like to congratulate Jeremy and the Moonraker team on this thoroughly well-deserved award and thank them for the exceptional expertise that they have provided in managing the commodity portions of our portfolios. We look forward to welcoming Jeremy to Bangkok in January when he’ll be giving our clients and friends a preview of what the commodity markets may well hold in store in 2010.”