Saturday, 28 March 2015
Last updated 15 hours ago
Sep 1 2010 | 10:27am ET
Investment-trust-cum-hedge-fund-seeder Majedie Investments has launched a second fund management firm to manage its own assets.
Javelin Capital has been established as a subsidiary of Majedie, focusing on U.K. and global long/short, as well as long-only, strategies. The new firm, which includes all existing employees of Majadie Investments, aims to develop a series of multi-strategy products that will be marketed to professional investors.
“Having successfully benefited from the sponsorship of Majedie Asset Management, which has grown into a successful, award winning fund management company, we are seeking to repeat that success with Javelin Capital and perceive there to be significant appetite in the market for an equity manager with the ability to produce positive return, low volatility products,” Andrew Adcock, chairman of Majedie, said.
Majedie has given Javelin £4.5 million in start-up capital and will own 70% of the new firm, initially. Under Javelin’s business plan, that capital will be repaid to Majedie within three years.
The remaining 30% of Javelin will be owned by its partners and staff, among them CEO Gerry Aherne, chief investment officer Victor Pina, and portfolio managers Steven Asprey and Nick Rundle. Rundle will continue to oversee Majedie’s own assets.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…