Majedie-backed Javelin completes first year with novel market-neutral EM equity vehicle
Fri Oct 21, 2011
Seeder wanted an emerging markets hedge fund, but with lower volatility and without the long bias that many have
Javelin Capital, the London-based start-up led by emerging markets veteran Victor Pina and backed by Majedie Investments, has just reached the one-year mark with its unusual market-neutral play on emerging market equities and is starting to market the strategy to investors for the first time.
The firm’s Global Equity Strategies Fund has managed to make a small positive gain in what has been a very volatile and unpredictable 12-month period in equities – to which emerging markets were far from immune.
The fund is up 0.55% since inception and has made 0.39% so far this year, compared with a year-to-date loss of around 12% for the EuroHedge Emerging Market Equity Index and a 20% loss for the MSCI...
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