Mr. Hathaway, CFA, Senior Managing Director, is a Portfolio Manager at Tocqueville Asset Management L.P. Mr. Hathaway is a Portfolio Manager of the Tocqueville Gold Fund, Tocqueville Gold Partners and the gold equity strategy. Prior to joining Tocqueville in 1997, he was the Chief Investment Officer at Oak Hall Advisors for seven years and in 1986 founded and managed Hudson Capital Advisors. Previously, Mr. Hathaway was a Partner at David J. Greene and Company and an Equity Analyst with Spencer Trask & Co. He has an M.B.A. from the University of Virginia and a B.A. from Harvard College.
DAILY NAV as of 05/16/2012:
Gold Fund
TGLDX
$56.22
-0.27
Tocqueville Gold Fund
Fund Objective
To achieve long-term capital appreciation
Investment Strategy
- Invest at least 80% of net assets, plus borrowings for investment purposes, in gold and other precious metals and the securities of US and foreign companies engaged in mining or processing gold
- Employ a bottom-up selection process and fundamental, proprietary research to identify companies that are considered undervalued, based on growth potential and the portfolio manager’s assessment of the company’s relative value
- Seek exposure to overlooked and undervalued gold stocks across the world
John Hathaway
, Co-Portfolio Manager
Douglas B. Groh
, Co-Portfolio Manager
Douglas B. Groh is a Portfolio Manager and Senior Research Analyst at Tocqueville Asset Management L.P. He joined Tocqueville in 2003, where he is a Portfolio Manager of the Tocqueville Gold Fund. Prior to joining Tocqueville, Mr. Groh was Director of Investment Research at Grove Capital from 2001 to 2003 and from 1990 to 2001 held investment research and banking positions at J.P. Morgan, Merrill Lynch and ING Bank. Mr. Groh began his career as a mining and precious metals analyst in 1985 at U.S. Global Investors. Mr. Groh earned a B.S. in Geology and Geophysics from the University of Wisconsin-Madison and an M.A. from the University of Texas at Austin, where he focused on mineral economics.
Fund News
Lipper Fund Awards - DEFIX & TGLDX, 03/12/2012
The Delafield Fund and the Tocqueville Gold Fund were each awarded a 2012 Lipper Fund Award based...
Financial Planning Magazine, 02/01/2012
John Hathaway and the Tocqueville Gold Fund (TGLDX) were featured in an article entitled, "The...
Insights
Manager Q&A with John Hathaway, 03/13/2012
John Hathaway, the co-manager of the Tocqueville Gold Fund, answers questions about the state of...
Top Ten Holdings
as of 04/30/2012 |
% of Total Assets |
|---|---|
| Physical Gold | 7.54% |
| Eldorado Gold Corporation | 5.45% |
| Goldcorp, Inc. | 5.05% |
| Gold Resource Corporation | 4.66% |
| Osisko Mining Corporation | 4.25% |
| Newmont Mining Corporation | 3.99% |
| Silver Wheaton Corporation | 3.83% |
| Randgold Resources Limited | 3.67% |
| Franco-Nevada Corporation | 3.39% |
| Royal Gold, Inc. | 3.29% |
Updated monthly
© 2011 Tocqueville Asset Management L.P.