Thursday, 23 October 2014
Last updated 12 hours ago
Oct 4 2010 | 9:26am ET
London-based Javelin Capital has launched its first hedge fund, a global long-short vehicle.
The Capital Global Equity Strategies Fund, which was seeded with US$31 million, is being managed by an investment team of experienced portfolio managers led by Victor Pina, chief investment officer of the firm.
“The investment style will focus on what works, where and when. Broadly speaking, in sectors and regions that tend to revert to the mean, such as developed Europe, the systematic strategy will deliver the best results," said Pena. "In other regions that include selected emerging markets, market movements are highly volatile. To capture the upside opportunity whilst avoiding the pitfalls of these markets, we will look to apply our tactical strategies. Sectors and regions are constantly evolving as dynamics shift, and it is here that we believe thorough screening and in-depth research allow us to anticipate changes, and thus we will deploy our fundamental strategy here.”
Gerry Aherne, chief executive of Javelin, added, “The launch of the Javelin Capital Global Equity Strategies Fund sees the first of our funds being offered to the institutional market. This follows months of rigorous preparation by our highly experienced fund managers to ensure we are offering investors an attractive and superior investment vehicle.”
The fund charges 1.5% for management and 20% for performance. The minimum investment is €250,000.
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