Silk Invest Launches Into Frontier Markets

May 24 2010 | 7:05pm ET

London-based Silk Invest has launch a fourth emerging markets hedge fund, this one focusing on frontier markets.

The Silk Road Equity Fund will invest in such economies in Africa, the Middle East and Southwest Asia, Fund Strategy reports. The UCITS III-compliant vehicle is expected to become available in September, pending regulatory approval.

The fund’s model portfolio offers a glimpse at where the fund aims to invest. The two largest allocations in the model are to Saudi Arabia and Nigeria.

“We are very excited about the investment opportunities in Saudi Arabia,” Daniel Broby, chief investment officer, told Fund Strategy. “We find a broad range of interesting businesses across sectors: industrials, chemicals, banking and insurance.”

The model also has a large allocation to Qatar and smaller investments in Azerbaijan, Egypt, Kazakhstan and Morocco. The firm is also looking into investing in Pakistan.

Silk Invest warned that the fund’s country allocations could change before its launch. It will charge a 20% performance fee on all returns about 8%.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 
Error

FINalternatives Trending

From the current issue of