Javelin Capital launches UCITS emerging markets fund on Goldman Sachs platform
UK-based Javelin Capital, an emerging markets equity hedge fund backed by Majedie Investments, has launched a UCITS-compliant version of its fund on the SICAV platform established by Goldman Sachs International taking total assets in the strategy to around USD50million. The Lux-domiciled Javelin Capital Emerging Markets Alpha Fund will seek to replicate the firm’s USD32million market-neutral Javelin Capital Global Equity Strategies Fund which Javelin runs using an Irish-domiciled QIF fund structure. The new fund has launched with approximately USD15million and will sit as a sub-fund on the Serviced Platform SICAV that Goldman Sachs International established last May to facilitate managers wishing to create their own independently managed UCITS-compliant vehicles. Javelin CIO Victor Pina manages the existing fund, which made a modest 1.93 per cent for 2011. It launched in October 2010. It is believed the UCITS will be targeting continental European investors.
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