Wednesday, 27 August 2014
Last updated 4 hours ago
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%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…