Sun, Oct 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2018

BULLETIN: London hedge fund Westbeck bullish on both oil and its new electric metals UCITS fund, Emerging managers face higher barriers to entry in Asia , Index of "undiscovered" hedge fund managers up 18.5% gross in 2017 , A&P Emerging Manager Index

 

London hedge fund Westbeck bullish on both oil and its new electric metals UCITS fund

Westbeck Capital Management, a hedge fund in London set up by veteran investors Will Smith, Jon Hykawy (PhD), and Jean-Louis Le Mee, has launched a UCITS fund focused on electric metals to capitalise on the unfolding electric vehicles revolution. As paradoxical as it may sound to be bullish both oil and electric vehicles, Westbeck says its existing oil equities fund has been performing well recently and believes this is just the beginning of the sector starting to recover.

The new Westbeck Electric Metals Fund is a fundamental long-biased equities fund aiming to capitalise on the 'electric revolution' that is unfolding. The fund will focus primarily on 'electric metals' , i.e. the raw materials essential to enabling the fast development of Electric Vehicles and more generally Batteries for Power Storage, as well as the build out of their supporting infrastructure (charging points, grid extension and upgrade) . The main materials include (but are not limited to) Lithium, Cobalt, Nickel, Copper, Rare Earths & Graphite. At least 75% of the portfolio will be dedicated to companies focused on exploring and producing these key materials.

The fund will also have some ?exibility to invest in other aspects of the electric value chain, such as battery manufacturing & recycling, speciality chemicals and infrastructure players. These other themes will account for up to 25% of the portfolio. The fund has a capacity of $250m and is offered on the Carne Ireland platform

Veteran investors get support from awardwinning physicist

With Partner / Head of Research Jon Hykawy (PhD), Westbeck has one of the most seasoned rare metals experts on board. Hen trained as a physicist & after completing an MBA began work as a sellside technology analyst with Canaccord in 2001. He helped found 2 brokerages (Fraser Mackenzie & Byron Cap......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. BB&T Securities to bolster alternative investment offerings with CAIS platform[more]

    Laxman Pai, Opalesque Asia: The financial services firm BB&T Securities has selects the financial product marketplace CAIS to expand alternative investment access for advisors. A press release from the wholly owned subsidiary of BB&T Corporation said that with CAIS, it will gain access to pr

  2. Europe: Europeans up interest in unconstrained bond strategies, Generali steps up efforts to build multi-boutique business, Nordea bank in new Russia funds complaint, FCA proposes climate risk reporting duty for asset managers[more]

    Europeans up interest in unconstrained bond strategies Unconstrained bond assets are on the rise. Across both retail and institutional accounts, assets under management in these strategies rose from $153.2 billion in Q2 2013 to $289.7 billion in Q2 2018, for a five-year compound annual

  3. Stock slump aftermath: Hedge funds got caught long and wrong before stock slump, The huge 'blackout' that may be deepening market turbulence, Market veterans don't see the bottom yet: 'More selling is yet to come', Hedge funds hold up in rout as defensive stance finally pays off, Rally erupted in gold market days after funds made big bear bet[more]

    Hedge funds got caught long and wrong before stock slump From Bloomberg: In a moment of bad market timing, hedge funds had increased their bullish bets on U.S. stocks to the highest since February, and second-highest in five years, just before last week's sell-off. Speculative net

  4. Robert Citrone's discovery cashes in on bearish bets[more]

    From Institutional Investor: The macro hedge fund is riding strong gains since mid-year thanks to savvy wagers against Italian fixed income and other instruments. Macro hedge funds are finally getting a reprieve, between the bond market selloff and overall financial market volatility - two even

  5. Hedge funds at the 'core' of stock slump may be done offloading, Why hedge funds will stick with ever-risky short volatility trades[more]

    Hedge funds at the 'core' of stock slump may be done offloading From Bloomberg: One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week's rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categori