Industry Updates

Javelin launches global L/S equity hedge fund

Monday, October 04, 2010

Tweet
Print
Email
Track Keywords

Opalesque Industry Update - Javelin Capital, the recently authorised investment management firm, confirms the launch of its first fund, the Javelin Capital Global Equity Strategies Fund on October 1st 2010, with seed capital of US$31 million. The Fund will take long and short positions in equities globally, including Emerging Markets.

The Fund, managed by an investment team of experienced portfolio managers (formerly at Goldman Sachs and Citigroup) and headed up by Javelin’s CIO Victor Pina, will have a range of long-short equity strategies which include Fundamental, Systematic and Tactical approaches. Using proprietary models that have been developed, the team will analyse and judge which strategy is most appropriate for different regions and sectors. The strategies are expected to be uncorrelated, or negatively correlated, to each other, and hence combining them within one fund should result in lower volatility and reduced risk.

Victor Pina, Chief Investment Officer of Javelin Capital, commented: “The investment style will focus on what works, where and when. Broadly speaking, in sectors and regions that tend to revert to the mean, such as developed Europe, the Systematic strategy will deliver the best results. In other regions that include selected Emerging Markets, market movements are highly volatile. To capture the upside opportunity whilst avoiding the pitfalls of these markets, we will look to apply our Tactical strategies. Sectors and regions are constantly evolving as dynamics shift, and it is here that we believe thorough screening and in-depth research allow us to anticipate changes, and thus we will deploy our Fundamental strategy here.”

Gerry Aherne, Chief Executive of Javelin Capital, added: “The launch of the Javelin Capital Global Equity Strategies Fund sees the first of our funds being offered to the institutional market. This follows months of rigorous preparation by our highly experienced fund managers to ensure we are offering investors an attractive and superior investment vehicle.”

(press release)

Javelin Capital Global Equity Strategies Fund
Investment Objective: For investors seeking absolute returns through capital appreciation, achieved by investment in equity securities across the world.
Net Assets: US$31 million
Currency Share Classes: USD, EUR, GBP
Domicile: Dublin, Ireland
Structure: Qualifying Investor Fund (QIF)
Portfolio Managers: Victor Pina, Steven Asprey, Stephanie Niven
Fees: management fee 1.5%; performance fee 20%
Minimum investment: EUR 250,000 or equivalent

Javelin Capital LLP
Javelin Capital is an asset management company, established in 2010 to specialise in global and UK Equities. Javelin Capital will differentiate itself initially by focusing on global equities, utilising innovative investment approaches with the goal of achieving superior, low volatility performance. Javelin Capital is structured as an alternative equity boutique offering both long-short and long-only investment approaches. The business strategy is to offer high quality sophisticated multi-approach equity products to a range of professional investors. Corporate website: www.javelincapital.com

- FG

Article link