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

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.