IAC - Alphyn Capital turns to gold miner ETFs to hedge inflation; Buys Vimeo

Monica Schipper/Getty Images Entertainment Samer Hakoura, founder and chief investment officer at Alphyn Capital Management, revealed in a fund letter that he has turned to gold mining ETFs in order to hedge the current inflationary environment.Alphyn Capital also initiated a position in Vimeo (VMEO) following its spin-off from IAC (IAC), according to a fund letter issued this week.Justifying his gold hedge, Hakoura argued that the recent high inflation figures "may or may not be 'transitory' as the Fed believes" and any future Federal Reserve rate hikes could have "serious repercussions" for the markets.As such, the Alphyn CIO wanted a "long-term hedge in effect."Hakoura contended that selecting gold mining ETF gave the fund an opportunity to make a return even if underlying gold prices stay put."I chose the mining ETFs as our indirect gold vehicle, as the miners are companies that generate cash flows and have a better chance of producing

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?Alphyn Capital turns to gold miner ETFs to hedge inflation; Buys Vimeo