Gold, Energy and Resources Alpha Fund (GERAF)
We aim to deliver sustained double-digit returns to our investors by providing access to global publicly listed precious metals, energy and resource companies which primarily exhibit proven management, quality assets, demonstrate operational strength, proven management and sound governance.
What is GERAF?
GERAF (gee-'raf) provides investors with access to a portfolio of global, publicly listed companies across the precious metals, energy, and broader resources sectors.
The Fund invests in listed equities across the full market capitalisation spectrum but with a mid-cap focus. We will do so across all markets geographically, only through the major exchanges in Australia, Europe and North America. These investments will be focussed within the Precious Metals, Energy and Industrial Metals sectors, including any associated infrastructure and services companies related to these sectors. The fund may also invest in the underlying commodities, derivatives and futures to fulfil its objectives.
Our objective is clear: to deliver sustained alpha over the medium term while preserving capital and whilstaligning with the long-term goals of our investors.
Investment Priorities
DELIVER ALPHA
Deliver sustained alpha (outperformance) over the medium-term – this is the key to creating a successful funds management business and will be the focus for our investments. This will be delivered through thoughtful portfolio design, the breadth of experience and knowledge assembled, focus and deep diligence and true alignment with our investors and partners.
ALIGNMENT WITH INVESTORS
We believe true alignment with investors is a pre-requisite to deliver long-term success. Michel Mamet, the Advisory Board (Nino Ficca, Richard Taylor and Louis Rozman) and Andrew Lye have all committed to invest in GERAF, our performance incentives will align with investor outcomes, a significant portion of our performance fees will be re-invested within the fund and we are proposing a lower overall fee than the comparable industry average for all investors from inception of the fund.
DELIVER STRONG GOVERNANCE
Establishing exceptional corporate governance from inception is a pre-requisite to long-term success, and we have done so through the selection of an independent Trustee (Bennelong Funds Management Ltd) overseeing the operations of the Fund.
Our Team
The team assembled has over 125 years collectively of experience across these sectors and will be led by Michel Mamet, formerly Managing Director at Flagstaff Partners where he spent a career of over 25 years advising clients in these sectors globally. Michel is the founder and Chief Investment Officer (CIO) of the Fund.
He will be supported by an Advisory Board comprising Nino Ficca former CEO of Ausnet Services, one of the largest listed regulated energy company on the ASX at the time, Richard Taylor former CEO of several mid-cap resources companies and Louis Rozman who co-founded Pacific Road private equity and was a former Director, CEO and senior executive of numerous mining and gas companies.
This is an exceptional team and it will be supplemented with additional sector expertise in financial analysis, engineering and geology over time.
Andrew Lye brings technological expertise, focusing on innovative Artificial Intelligence to drive fund performance.
Performance
Michel began investing his own capital in line with the articulated GERAF strategy in October 2024, largely on a full-time basis. He wanted to invest his own liquid portfolio in accordance with the strategy and the guardrails developed for the fund, to:
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demonstrate that the portfolio design and these strategies worked effectively,
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do so by putting his own capital at risk, before seeking third party capital, and
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create a portfolio of 20+ investments which had been thoroughly screened, researched and vetted, which he was comfortable with and which could then be meaningfully upsized as third party capital was raised.
He believed this approach would enable the fast tracking of the fund at launch. This strategy has to date delivered unaudited returns since inception in mid October 2024 to end of December 2025, 14.5 months, of 69%, including a significant liquidity holdings. This strategy underpins GERAF and will now be available for third party capital for the first time.
>69%
Return since October 2024
>92%
Return ex cash on hand since October 2024
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