23/01/2012 Author: David Beattie

Javelin launches on Goldman Sachs platform

Javelin Capital, the UK-based emerging markets equity hedge fund firm backed by Majedie Investments, Monday launched a Ucits version of its fund via a SICAV platform established by Goldman Sachs - taking total assets in its strategy to around $50 million, according to a Goldman Sachs statement.

The regulated, Luxembourg-domiciled Javelin Capital Emerging Markets Alpha Fund will mirror the $32 million market-neutral Javelin Capital Global Equity Strategies Fund, which is structured as an Irish-domiciled QIF, said the statement.

The Ucits version set to launch with £15m and is intended to attract investors from continental Europe, it added.

The new fund is structured as a sub-fund of the Serviced Platform SICAV, a multi-manager platform established by Goldman Sachs International and launched last May to enable third party managers to create their own independently managed UCITS-compliant funds. Management of the sub-fund is independent of all other sub-funds and is subject to the fiduciary oversight of Javelin.

Javelin’s strategy aims for lower volatility than the majority of emerging market funds and does not have a long bias, said the statement.

Managed by CIO Victor Pina, the existing fund launched in October 2010 and made a modest but positive return in 2011, gaining 1.93%.