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.