Since October 2007, Boger has served as Portfolio Manager of APM Gold & Resources Fund, a precious-metal-sector specialized UCITS III fund with active risk management. As an equity-linked product, the fund generates a higher risk-adjusted return than passive investments  in gold and gold stocks. Management is based in the teachings of the Austrian School of Economics, particular the theories and history of human action. After completing his medical studies, Mr Böger, CAIA Member, went into the financial sector where he has worked for 10 years.