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