SAN FRANCISCO, CA–(Marketwired – March 15, 2016) – The event-driven hedge fund Rosseau LP has beat its benchmark by over 50% since inception in 1998, and its founder and CIO Warren Irwin says it does so by going deep, looking at very specific events or situations that are special within industry sectors. Irwin made his name by shorting Bre-X some 20 years ago and hasn’t looked back. In this interview with The Gold Report, Irwin gives us a peek into Rosseau’s portfolio, discussing opportunities that he is excited about in metals, uranium and oil.
Included in this interview are: NexGen Energy Ltd. (TSX VENTURE: NXE) (OTCQX: NXGEF), Guyana Goldfields Inc. (TSX: GUY) and GPM Metals Inc. (TSX VENTURE: GPM).
The Gold Report: Warren, I just got your latest partnership numbers. It looks like you’re off to a great start for the new year, up 20.38% through February. I think we first met around 2006 when you were up 121%. That was quite the year.
Warren Irwin: Yes. We have a shot at a 100% year this year, too.
TGR: Would you describe for our readers your investment approach and what makes you different from a lot of other people?
WI: What makes us different is Rosseau Asset Management does heavy, in-depth research for very specific events or situations that are special within industry sectors. Because we spend so much time on the names, we run a reasonably concentrated book. For example, we are able to go into the gold sector and pick the top two or three situations where companies are either drilling out properties and creating resources or making big discoveries, something unique to the company itself rather than making a raw bet on the price of gold.
TGR: When you say a relatively small book, during a given year, how many positions might you have?
WI: We try to keep the number at or below 20 names. One thing that helps us a lot is…
Continue reading this interview: Hedge Fund Chief Warren Irwin’s Blockbuster Uranium Call and His Best Metal and Oil Plays
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NexGen Energy Ltd. and Guyana Goldfields Inc. are sponsors of Streetwise Reports. GPM Metals Inc. paid to distribute. Warren Irwin had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Irwin and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.