Frank Romano, Chief Operating Officer of Harbour Equity Partners, joined the company after a career in energy and risk management. Subsequent to the Enron Corporation’s collapse in 2001, Romano entered the financial industry, acting as a broker, private equity lender, consultant, and investment banker with transactions ranging from residential loans to securities for high net worth borrowers. Eventually, he came to Harbour Equity Partners, where he utilizes his expertise for the benefit of the gold-trading company. Likening Harbour Equity Partners to a hedge fund, Frank Romano employs his knowledge of trading and risk management to the gold industry by using a proprietary algorithm to reap high rates of return from each arbitrage transaction. Harbour Equity Partners buys from mines in West Africa and the United States, easily obtaining the gold that it sells in markets throughout the world. Renowned as an arbitrage trader, Harbour Equity Partners signs 3- to 5-year purchase contracts that project returns on investments for years to come. One particular unique feature of Harbour Equity Partners involves its manner of creating new and separate credit lines, which enables the company to expand without diluting its primary $50-million fund. In creating its own lines of credit, Harbour Equity Partners eliminates the need to solicit investors. Harbour Equity Partners employs lawyers and customs agents that follow each transaction to make sure that the elements of its deals remain legal.
