World’s “Most Bearish Hedge Fund” Goes All In On China Collapse, Inflation Explosion

There are few investment funds out there that can claim to have achieved an annualized return of more than 30% with gold securities. Hirschmann Capital is one fund that falls into this elite club with an annualized return of 30.7% since inception during the fourth quarter of 2014 to the end of 2016. Over this period the fund has produced a cumulative return 82.7% compared to just 19.7% for the S&P 500 Index and 8.5% for the MSCI World Index. The manager, Brian Burke Hirschmann, is a Goldman Sachs Principal Strategies alum a la Bob Rubin, Dan Och, and Eric Mindich.

According to the fund’s full year 2016 letter to investors, a copy of which has been reviewed by...