Sun, Sep 15, 2019
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. Albright Capital builds on emerging markets impact strategy, signs on to IFC principles[more]

    Bailey McCann, Opalesque New York: Albright Capital has adopted the International Finance Corporation's Operating Principles for Impact Management. The firm has also developed its own impact measurement system as part of the implementation of the principles. The IFC's principles were

  2. Investing: Hedge funds getting burned as growth stocks trounced by value, Why investors are prioritizing health care in a big way, Fannie, Freddie soar as hedge funds score wins on two fronts[more]

    Hedge funds getting burned as growth stocks trounced by value From Bloomberg: A hedge-fund favorite is rapidly losing ground in the stock market just as one of the industry's least-loved sectors picks up. Growth stocks, generally companies that are seeing rapid profit increases, have drop

  3. PE/VC: Supersized unicorn: Root Insurance leaps to $3.65bn valuation with $350m round[more]

    Root Insurance is now valued at $3.65 billion after a $350 million funding round - the largest single venture capital round ever in the state. The 3-year-old auto insurer, now the startup with the highest valuation of any in Ohio, has raised a cumulative $523 million in VC and another $100 mi

  4. Testing hedge performance when stocks crash[more]

    Bonds have historically been a reliable buffer for stock exposure. But low yields and potential reversion to a more positive stock/bond correlation would likely translate to less protection. Gold has been a solid crisis hedge but has experienced long stretches of negative inflation-adjusted returns.

  5. PE/VC: The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct, Why venture capital firms need more women partners and entrepreneurs[more]

    The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct From Vox: Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned. US officials - including t