Tuesday, 5 May 2015
Last updated 2 hours ago
Feb 19 2013 | 10:45am ET
Scipion Capital, the African commodities investment specialist, has made three hires in response to rising interest in its Commodities Trade Finance Fund.
The fund, which finances trade in soft and mineral commodities in Africa, has generated positive returns every month since its 2007 inception.
Georgina Fleming, George Sanders and Ben Storrs will all join the firm's London office, Fleming to oversee product management and development, a newly created post; Sanders and Storrs as analysts.
Fleming comes to Scipion from a leading New York law firm and has experience sourcing business leads in Asia, Europe and the Americas. She has also worked for a private equity firm specializing in Sub-Saharan African agribusiness.
Sanders, who speaks Japanese, comes to Scipion from London Research International, a boutique Japanese energy, infrastructure and commodities research firm. Prior to this, he worked at a MENA-focused consultancy and assisted SMEs in business development. In his new role, he will focus on deal origination and commodity research while working to develop relationships with Asian investors.
Storrs was an economic researcher at the Institute of Economic Affairs, a London-based think tank. Prior to that he served as an analyst for Oil and Gas Year, an industry publication focused on oil and gas in developing economies. At Scipion, he will focus primarily on commodity and energy research, alongside Scipion’s pan-African portfolio of commodity trade finance transactions.
Said Nicolas Clavel, CIO and founder of Scipion, in a statement:
“We see Africa as the key to the global commodities story. The rest of the world, Asia in particular, is increasingly dependent on Africa as its source of commodities, and this has triggered a rise in popularity for CTF as a strategy. It is clear to us that investors have identified CTF as a way to capitalize on Africa’s remarkable growth.
“As a result, we’ve seen a huge amount of interest in our fund. The strengthening of the London team with Georgina, George and Ben will not only help us manage recent investment into the fund, but will also assist us in driving further inflows and identifying new prospects, while providing the high level of investor support that is paramount to our continuing success.”
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…