Scipion Launches Multi-Strat Africa-Focused Hedge Fund

Jun 13 2007 | 10:56am ET

Scipion Capital is launching a multi-strategy Africa-focused hedge fund next month. Dubbed the Scipion African Opportunities Fund, the fund will launch on July 1 with US$100 million in seed capital.

The fund offers three share classes that will invest in different facets of the African market. Class A offers structured-finance trade opportunities, while Class I is exposed to the Ai40 Index Share Tracker, which is made up of African companies with a combined market capitalization of more than US$250 billion. The fund’s third share class, Class S, gives investors exposure to private equity in the form of pre-IPO investments as well as long-only quoted names on African stock exchanges. 

All three share classes offer monthly subscriptions and quarterly redemptions with 30 days notice for the more liquid Class I, 90 days notice for Class A and 180 days notice for the illiquid Class S.

Scipion will donate 5% of its performance fee to provide microfinance for women and scholarships for local students attending African universities.

Scipion is headed by Barclays Bank veterans Nicolas Clavel and Gerry Kerr. Andrew Garden, formerly with Citibank and First Merchant Bank, heads the firm’s structured trade finance initiatives.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note