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Clemente Cappello by Beverly Chandler, Opalesque London:
Sturgeon Capital’s commitment to Central Asia is so great that the founder and CEO, Clemente Cappello, reports that via the group holding company, Sturgeon Holdings Ltd, they have bought stakes in three investment banks in the area, specifically Georgia, Uzbekistan and Azerbaijan, with a view to make similar acquisitions in other key Central Asian markets in the coming months as well
The firm is an independent alternative investment manager specialising in frontier and emerging markets and has over $30m under management. It currently manages the Sturgeon Central Asia Fund, a multi-strategy investment fund focused on Central Asia and the surrounding region. The fund focuses on listed equities, fixed income and special situations in Central Asia and has been running since December 2006. The fund has produced a return of over 30% net for investors since inception, against a turbulent backdrop that saw the regional index and many in the peer group lose money in the same period.
They are now launching a UCITS IV Central Asia Equities Fund as a response to investor demand. "A lot of investors came to us after 2008 and asked for a more liquid product" Cappello says. "They also said 'we get the macro story, but why are you guys putting fixed income in? We only want equity exposure."
Cappello has also found that Cayman domiciled fun...................... To view our full article Click here
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