Douglas Groh is co-portfolio manager at Tocqueville, where he manages the Tocqueville Gold Fund as well as other vehicles in the gold equity strategy. Previously he was director of investment research at Grove Capital from 2001 to 2003. From 1990 to 2001, he held investment research and banking positions at J.P. Morgan, Merrill Lynch, and ING. During the late 1980s, he served as a portfolio manager of gold-mining equity funds for U.S. Global Investors and IDS Financial Services; he began his career as a mining and precious metals analyst at U.S. Global Investors. He earned a BS degree in geology/geophysics from the University of Wisconsin, Madison, and an MA degree from the University of Texas at Austin, where he focused on mineral economics.