About Us
Euro Pacific Asset Management, LLC is the Investment Advisor to the EuroPac International Value Fund, EuroPac International Bond Fund, EP China Fund, EP Asia Small Companies Fund, EuroPac Hard Assets Fund and EP Latin America Fund. The company was formed in order to provide a platform of actively managed investment products in line with Peter Schiff’s investment philosophy. Each product is intended to provide access to Peter Schiff’s top-down international investment approach, focusing on countries and currencies believed to have the most favorable fundamentals.
Where we Stand. We are currently experiencing the rumblings of a global economic realignment which reflects the realities of wealth creation and dissipation that have evolved over the past three decades. We believe wealth is created through savings, investment, and production. Wealth is destroyed by borrowing for uneconomic purposes and by spending on goods and services that produce no long-term benefit.
Living standards are supposed to rise where wealth is produced and to dissipate where it is destroyed. Like gravity, these forces can only be overcome through tremendous effort. The accumulation of trillions of dollars in U.S. budget and trade deficits, and a corresponding swell in foreign exchange reserves held by Asian central banks, have been the mechanisms which have, thus far, maintained the status quo. But, given the dangerous imbalances these policies create, we believe the global commitment cannot endure perpetually.
In our opinion the recent economic crisis had its roots in the easy monetary policies pursued by the Alan Greenspan-led Federal Reserve, and the strategic decisions of the Asian governments to support the value of the dollar through unlimited lending to the United States. The result was a massive misallocation of resources that inflated bubbles in the U.S. housing and equities markets.
As was the case for U.S. equities, global stock markets experienced significant sell-offs in 2008, in some cases outpacing losses seen by the S&P 500. However, despite the precipitous decline in share value, foreign firms show fewer signs of fundamental distress than similarly situated American companies. Although foreign firms which relied heavily upon the debt markets to fund continued operations suffered grievously as credit markets froze, the majority of companies did not have excessive leverage and continued to show solid earnings growth.
Moving forward, we believe an economic realignment that reflects underlying economic realities will gain momentum. It is this belief that drove us to create Euro Pacific Asset Management, to provide investors an accessible means to position their portfolios in effort to maintain their wealth and gain exposure to fundamentally sound countries.
Peter Schiff is the Owner of Euro Pacific Asset Management, LLC. Peter began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for over twenty years he joined Euro Pacific Capital, Inc in 1996 and has served as its President since January 2000. In 2007, Peter authored the bestselling “Crash Proof” in which he warned of the coming economic downturn.
Jim Nelson is the Managing Member of Euro Pacific Asset Management, LLC and the Portfolio Manager of the EuroPac International Value Fund and the EuroPac International Bond Fund. Prior to Euro Pacific Asset Management, Jim created Euro Pacific Capital’s Wealth Management division and currently serves as Portfolio Manager for the firm’s International Value Separately Managed Accounts. Jim originally joined Euro Pacific’s Capital Markets division, having spent time in both Research Analyst and Investment Banking roles. Prior to Euro Pacific, Jim was a research analyst at Roth Capital Partners, where he gained extensive experience in analyzing the market opportunities of both domestic and foreign companies. Prior to Roth, Jim served as a Commissioned Officer in the United States Air Force, where he gained extensive experience as a Financial Controller, having directed finance and accounting activities for a number of acquisition programs, as well as Air Force installations including Misawa Air Force Base in Japan. Jim received his B.S. in Management from the United States Air Force Academy, and is a CFA Charterholder.
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Additional Information
If you would like to speak with a representative further about Euro Pacific Funds, international stocks or separately managed accounts, please either fill out the form below or call 1-800-727-7922 and you will be put in touch with a Euro Pacific Capital investment consultant.
