Majedie-backed Javelin completes first year with novel market-neutral EM equity vehicle
October 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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