Mon, Apr 24, 2017
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. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  2. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f

  3. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int