Fri, Mar 6, 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. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi

  5. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He