John Hathaway, CFA, Senior Portfolio Manager, joined Tocqueville in 1997. He co-manages the Tocqueville Gold Fund (TGLDX). In addition, he manages separate accounts with a gold equity mandate including the Falcon Gold Fund, the Falcon Gold UCITS Fund, Tocqueville Gold Amerique (FCP), a sovereign wealth fund, and various separate accounts for family offices and government entities. Prior to joining Tocqueville, Mr. Hathaway co-founded and managed Hudson Capital Advisors followed by seven years with Oak Hall Advisors as the Chief Investment Officer in 1986. In 1976, he joined the investment advisory firm David J. Greene and Company, where he became a Partner. Mr. Hathaway began his investment career in 1970 as a research analyst with Spencer Trask & Co. Mr. Hathaway graduated from Harvard College in 1963 (B.A.) and from the University of Virginia Business School in 1967 (M.B.A). He also holds the CFA designation.
The Tocqueville Trust
Tocqueville Gold Fund
To achieve long-term capital appreciation
- Invest at least 80% of net assets, plus borrowings for investment purposes, in gold and other precious metals and the securities of companies located throughout the world that are engaged in mining or processing gold
- Employ a value approach to investing to identify companies that are undervalued based the portfolio managers' assessment of the company’s relative value and growth potential.
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.
as of 10/31/2015
% of Total Assets
|Detour Gold Corp.||6.52%|
|Agnico Eagle Mines Ltd.||5.91%|
|Randgold Resources Ltd. - ADR||4.72%|
|Eldorado Gold Corp.||3.73%|
|Torex Gold Resources, Inc.||3.44%|
|Osisko Gold Royalties Ltd.||3.38%|
|Royal Gold, Inc.||3.26%|