Adrian Day Asset Management

Adrian Day, the founder and CEO, is the lead portfolio manager and central investment decision-maker. He has managed natural-resource portfolios since the 1970s and is the author of the firm's long-running monthly newsletter. No separate CIO or investment committee structure has been publicly disclosed.

The firm employs a value-driven, bottom-up approach focused on mining companies with strong balance sheets, low production costs, and proven reserves. Day has publicly articulated a preference for companies that return capital to shareholders through dividends or buybacks, avoiding highly leveraged producers. The strategy tolerates concentrated positions and can hold through protracted commodity downturns when the underlying thesis remains intact.

No. While gold and precious-metals equities represent the core allocation, the firm also invests in base metals, energy, and other natural-resource sectors. Day has written about opportunities in copper, uranium, and agricultural commodities when valuations align with his value framework. The common thread is resource extraction and production, not a single commodity.

'Adrian Day's Global Analyst' serves as both a research publication and a client-acquisition channel. The newsletter outlines Day's macroeconomic views and specific stock recommendations, attracting a readership that often converts into separately managed account or fund clients. It also reinforces the firm's brand among retail and institutional investors attending the resource conferences where Day speaks.

Adrian Day has consistently positioned physical gold — and by extension gold mining equities — as a distinct asset class from cryptocurrencies like Bitcoin. In public commentary, he has framed gold as a store of value with millennia of history, contrasting it with what he views as speculative digital assets. The firm's strategy does not include direct cryptocurrency exposure.