Board of Directors

We invite you to meet our Board of Directors: 

Anthony Artabane
Director since 2019
Mr. Artabane has extensive public accounting, and auditing experience. Mr. Artabane has been the Managing Member of Anthony Artabane CPA, PLLC, a firm providing limited expert witness services to investors in, and investment managers to, private funds (2014-2020). Prior to that, until his retirement in 2013, Mr. Artabane was a partner for 25 years with PricewaterhouseCoopers LLP ("PwC"), providing public accounting and audit services to hedge funds, registered investments companies, and asset management firms. Mr. Artabane served in several leadership roles, including as PwC's Global Hedge Fund leader, and as a member of PwC's Global Asset Management and Real Estate Leadership team. He also served as an Independent Trustee and Chairman of the Audit Committee of Archstone Alternative Solutions Fund, a closed-end, registered investment company, from the Fund's inception in June 2015 until its deregistration in 2017. Mr. Artabane also serves as a member of the New York State Society of Certified Public Accountants (the "NYSSCPA") Investment Management Committee (October 2016- Present) and NYSSCPA Sustainability Accounting and Reporting Committee (December 2019 - Present).

William Donovan
Director since 2020
Mr. Donovan has extensive investment and asset management experience. Mr. Donovan served as President of United States Steel and Carnegie Pension Fund from 2011-2017, in which capacity he researched and implemented investment decisions for defined benefit and defined contribution plan assets. Prior to that, Mr. Donovan held various senior investment positions with the same pension fund, including as Vice President of Investments from 2001-2011, and Industry Group Manager and Investment Analyst from 1994-2001. Mr. Donovan was also a Manager at Marathon Oil Company from 1992-1994.

Bruce Hansen
Director since 2014
Mr. Hansen has extensive mining company and finance experience. Mr. Hansen served as Chief Executive Officer of General Moly, Inc., a U.S.-based molybdenum mining company located in Lakewood, Colorado, from 2007 until 2020. Prior to that, Mr. Hansen served in various senior executive positions at Newmont Mining Corporation, including as Senior Vice President, Operations Services and Development from 2005-2007 and Senior Vice President and Chief Financial Officer at Newmont from 1999 to 2005. Mr. Hansen is also an independent director of Energy Fuels, Inc., a uranium and vanadium production company, and a director of New Moly LLC, a private molybdenum development company.

Mary Joan Hoene (Chair)
Director since 2014
Ms. Hoene has extensive legal, compliance and regulatory experience in the securities and investment management industry. She served as Counsel in the Corporate Department of Carter Ledyard & Milburn LLP from 2010-2021, having previously served as Partner from 1999-2004. She served as Senior Vice President & Independent Chief Compliance Officer for Columbia Funds, Liberty All-Star Funds, Galaxy Funds, BACAP Registered Hedge Fund and Columbia Multi-Strategy Hedge Fund (Bank of America Corporation) in Boston, MA from 2004-2007. Ms. Hoene has held senior positions at the U.S. Securities and Exchange Commission and several large financial services companies. She also led the legal development of the first exchange traded gold securities product from 2002 to 2004.

Axel Merk (Director)
Director since 2022
Axel Merk has extensive investment and asset management experience.  Mr. Merk is the President and Chief Investment Officer of Merk Investments (since 1994).  He holdes a B.A. in Economics (magna cum laude) and a M.Sc in Computer Science from Brown University.



Certain Tax Information: ASA is a “passive foreign investment company” for United States federal income tax purposes. As a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the tax consequences of their investment in the Company’s common shares.