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From Sagar Chakraverty, Opalesque Asia:
After the global crisis, the general recovery still stands on flimsy grounds. Amidst this, Africa is one such market which was cut-off from financial contagions during the crisis period due to less exposure to global markets. This is a big investment frontier, gaining strength and stabilizing through booming demand for commodities, lower debts and improved fiscal discipline. Scipion Capital, an asset management company focused on Africa with offices in Geneva and London, believes that this continent offers immense opportunities for global investors.
Scipion saw positive results for two of its main funds; the Specialised Commodities & Resources Fund is up 1.03% in Jan-10, and the Scipion Alpha Seeker Fund is up 4.79%, whereas a third fund, the Scipion Index Tracker Fund went down 2.71%.
In 2009, the commodities fund returned 12.42%, and the index tracker fund stayed close with 11.12%, but the alpha seeker fund was way below with just +3.27% for the entire year.
“This year we are targeting to move from 1% a month to 2% a month. The scarcity of capital is the first driver. Because of recession our focus was on agricultural commodity. We were marginally little bit less good in minerals and now as confidence has come back we are moving to mineral where the margin can be much higher. China is expected to urbanize 200 million people and needs a lot of raw material,” said Nicola Clavel, the CIO of Scipion in a video...................... To view our full article Click here
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