Tue, Jun 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

All three Scipion funds grow stronger on weak U.S. dollar and strengthening African currencies

Friday, August 27, 2010

Precy Dumlao, Opalesque Asia:

All three funds from Africa-focused, Cayman-domiciled Scipion Capital Ltd., produced positive returns in July due to the weak U.S. dollar and to strengthening African currencies, said Nicolas Clavel, founder and CIO of the firm in a communication with investors.

In his "African Explorer's Diary," Clavel said that July proved to be an excellent month for Scipion's Index Tracker Fund and the Alpha Seeker Fund as many markets returned positive performance.

The Scipion Index Tracker Fund produced +6.06% (-2.96% YTD), the Scipion Alpha Seeker Fund produced +3.18% (+2.12% YTD), and the Scipion Commodity Trade Finance Fund gained +0.84% (+7.10%. YTD).

Clavel wrote in his diary: "Since the Index Tracker Fund [was] launched in July 2007, a number of technological advances have been made that have a major impact on growth in Africa. First was the Pesa system launched by Vodafone in Kenya which enabled first domestic and now international money transfer from mobile to mobile, thus reducing the cost of transfer, increasing its speed and bringing money efficiently to the remotest part of rural Africa."

He also noted the launch of sub-sea cables in Africa last year which increased Internet speed considerably and helped remove some trade barriers in the region. "Now systems are being introduced to bring mini weather stations on all mobile telecom towers across t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner