Thursday, 30 October 2014
Last updated 17 min ago
Mar 7 2008 | 7:28am ET
London- and Geneva-based Scipion Capital next month will launch the Scipion Alpha Seeker Fund, a pan-Africa long/short equity offering.
The fund, which will exclude South Africa and Egypt, will employ a top-down approach to find companies in the mobile telecommunications, brewing and cement sectors, as well as, indirectly, banks benefiting from the increased cash flow of the first three sectors mentioned, according to fund documents. Within the above-mentioned sectors, the fund favors large-cap companies offering daily liquidity.
Scipion, led by Nicolas Clavel, chief investment officer, last July launched the US$100 million Africa Opportunities Fund, which invests in debt via commodity trade finance and African equities. At the time, Clavel noted that only $30 billion of the $1 trillion in emerging markets investments are committed to Africa.
The Alpha Seeker Fund charges a 2% management fee and a 20% performance fee with a minimum subscription requirement of US$500,000.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.