Thursday, 25 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.