Scipion Preps Pan Africa Long/Short Fund

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.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note