Sat, Feb 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Opalesque Radio

Commodity Trade Finance: Uncovering the Opportunities in Africa
Radio Feature 105: Sona Blessing in conversation with Nicolas Clavel
 
Wednesday, July 30, 2014
radio Nicolas Clavel is the founder and chief investment officer of Scipion Capital, which provides secured lending via short-term self-liquidating loans to finance the delivery, production, and/or processing of non-perishable commodities as export, import, or within Africa. Physical control of the goods being financed is secured via a pledge agreement.
He oversees the investment processes for all of the firm’s strategies and is responsible for the development of all new products. In addition, he sits on Scipion Capital’s Investment Committee.
Nicolas has over three decades of experience in trade finance and in this podcast elaborates on the commodity trade finance opportunities in Africa, the hurdles and their ability to deliver consistent risk-adjusted returns.

 Download this feature as MP3 (33.87 MB)

 
Listen to the complete feature
Commodity Trade Finance: Uncovering the Opportunities in Africa

Duration: 14:48 

  logo

Or listen to selected sub-features
  • Q1 - Trade financing is often adhered to as “merchant banking in a hedge fund garb”.
    So Nic, could you talk us through your fund’s strategy?

    Duration: 01:40 


  • Q2 - In terms of portfolio allocation - how many such trade positions/allocations do you have on average?
    Also, given that African countries often grab headlines for amongst others: political, social, military upheaval; why have you chosen to focus on investment opportunities in Africa?

    Duration: 01:46 


  • Q3 - In which African states do you have a presence?
    Where do you see the opportunities - geographically and on a sector and value-added basis?

    Duration: 01:42 


  • Q4 - Could you share some other trade examples beyond the metals and mining sectors?

    Duration: 00:59 


  • Q5 - How does infrastructure, or rather the lack of it, pose a challenge?

    Duration: 02:25 


  • Q6 - How do you source your trades?

    Duration: 01:18 


  • Q7 - How do you determine the rate of interest on a loan being made?
    How do you ensure that the rate set is realistic-payable, without causing the loan taker to default, whilst it is still a profitable proposition for the fund?

    Duration: 01:42 


  • Q8 - How do you manage and mitigate the different risks associated with running such a strategy? In particular valuation, default, fraud, legal, political, corruption, currency …

    Duration: 02:23 


  • Q9 - How do you manage and mitigate fraud related risk?

    Duration: 00:54 



Radio Link
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie