Let's Talk

03 9602 1230

Collins St Global Gold Fund

One of Australia's only specialist gold funds: Investing in local and global gold companies

Currently closed to new investment

Watch the overview with our founders

Read our Thematic Overview (6 minute read)

Our historic returns:

When compared to the VanEck Junior Gold Miners Index (GDXJ), the current gold spot price (28/02/25) far exceeds the price of gold equities. We believe this gap must close. Past performance is not a reliable indicator of future performance.
  • Returns of +67% since April 2024
  • Proven thematic with key catalysts still applicable
  • Similar returns expected to be realised in the coming 24 months.
Read our latest Quarterly Report
Access our latest unit price

We believe the gap between gold and gold equities will close

As at 1 April 2025, our Gold Fund (Collins St Special Situation Fund No.2) has significantly outperformed both the VanEck Junior Gold Miners (GDXJ) and the Philadelphia Gold and Silver (XAU) indices since inception. Past performance is not a reliable indicator of future performance.

The Opportunity

Collins St Special Situation Fund No.2

We believe the medium term outlook for gold is compelling, being driven by an opportunistic combination of:

  • Increasing industrial application and institutional investment allocation;
  • Increased central bank buying activity driven by geo-political uncertainties; and
  • Reduced investment in exploration and organic growth in mining inventories.

Importantly, we have identified a substantial disconnect between the price of gold and the price of selected listed gold stocks. This presents a medium term opportunity we believe to be compelling and which we are seeking to capitalise on through a deep value, high conviction investment mandate focussed exclusively on the global gold and precious metals sector.

Contact Us

Watch Michael Goldberg's recent interview with Greg Canavan

The Collins St Special Situation Fund No.2 is a wholesale fund that is currently closed to new investors

Collins St Special Situation Fund N0.2

Our Investment Criteria

  • Our preference is for:
  • Late stage exploration / early stage production.
  • Tier 1 jurisdictions (for both the asset and the exchange the stock is listed on).
  • Quality management teams that are aligned through equity ownership.
  • Strong balance sheets with net cash positions.
  • No gearing or derivatives within the Fund.
  • Please refer to Section 2.4 of the Information Memorandum for further details on the investment strategy of the fund.
Download Information Memorandum

Collins St Special Situation Fund No.2

Fee Structure & Investment Term

Investment Term We anticipate the Fund will have an investment term of ~3 years from inception (1 April 2023), however as the Fund is entirely outcome focussed it may be wound up (in full or in part) earlier should the investment thematic be realised sooner than expected.  The Fund may be extended beyond the 3 year mark, however a liquidity event will be provided at year 4 for those investors wishing to redeem.  The Fund should be considered an illiquid investment that will not pay any cash distributions throughout the investment term (any distributable income will be reinvested as additional units each year). Fee Structure
  • No fixed ongoing management fee.
  • No buy/sell spread for primary applications or at the end of term.
  • Performance fee of 25% +GST of the profits generated on the sale of assets upon distribution to investors.
  • 2% + GST Contribution fee (rebated against any future performance fees).

Please refer to Section 5 of the Information Memorandum for a full description of the fee structure for the Fund.
Download Information Memorandum
Our Location

Level 9 365 Little Collins Street Melbourne VIC 3000

Contact Details

ROB HAY
Head of Distribution & Investor Relations
M: 0423 345 975
E: rhay@csvf.com.au

The Collins Street Value Fund (CSVF) is managed by Collins St Asset Management Pty Ltd (CSAM) AFSL 468935. CSAM is authorised to provide financial services to wholesale clients only (as set out in section 761G (7) of the Corporations Act 2001).

Start a conversation with us

Speak with our Equity Market Specialists about how we drive superior investment returns through patience, objectivity and freedom. Available after hours by appointment.

© 2025 Collins St Asset Management Pty Ltd – Privacy Policy

Available to Wholesale Investors. Past performance is not a reliable indicator of future performance. AFSL 468935.  Our Privacy Policy can be accessed here.

Information from Mercer has been obtained from a range of third party sources. While the information is believed to be reliable, Mercer has not sought to verify it independently. As such, Mercer makes no representations or warranties as to the accuracy of the information presented and takes no responsibility or liability (including for indirect, consequential or incidental damages), for any error, omission or inaccuracy in the data supplied by any third party.

Facebook