Scipion prepares African junior mining fund

Thu Jan 21, 2010

London-based Scipion Capital is preparing to go live with its new Scipion Mining & Resources Fund in February, focusing on the anticipated recovery of the junior mining and natural resources sector in Africa.

Nicolas Clavel

The fund has committed seeding of $15 million and has initial capacity of $300 million, after which Scipion will consider a second tranche.

Headed by Scipion's Geneva-based CIO Nicolas Clavel, Scipion manages three other funds, namely a pan-African index tracker fund, an actively managed African equities product and a commodities trade finance fund. The funds each gained more than 10% in 2009.

Clavel says the new fund will allow the team to take advantage of opportunities identified through its extensive research...

ISSN: 2151-1845 / CDC10004H

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