Gaming Fund Not Quite Performing

The new gaming fund called the Gaming and Casino Fund (GACFX) is not performing quite as would be expected. Dan Ahrens is the founder of the fund and the author of the book “Investing in Vice: The Recession-Proof Portfolio of Booze, Bets, Bombs and Butts.” He says that the fund is performing well, but it hasn’t broken $3 million under management.

The fund is almost a year old and has gained 13.2% - which is great. But that attraction just isn’t there for many people. Ahrens thinks that once they hit the year mark they will see a jump in it, but he is not planning on making any big changes until that time. He believes that the recognition that they will get for having been around for a year will be all the publicity that the fund needs.

Ahrens says that he believes that there is a tremendous amount of growth potential there, not only for the existing places that gaming is, but for the places that it still can go. The fund allocates at least 80% of their investments to gaming and casino related ventures, but since gaming is such a large term there is no place they can’t go really. They can invest in slot machines, table games, cruise lines, etc. – for they all fall under that “gaming” heading.

They currently have about 80 companies that they can invest in, and they are only investing in 40 at this time. Ahrens can see that they have places they can still move forward with, and knows that it is just a matter of time before investors catch up with them.

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