Majedie Investments launches alternative equities boutique

Majedie Investments has launched an alternative equities investment subsidiary focusing on global and emerging markets.  

Majedie said the firm, named Javelin Capital, will differ from its peers in that it will focus on global and emerging Markets equities, utilising innovative investment approaches with the goal of achieving consistent high return, low volatility performance.

It will run long-short and long-only funds and mandates, using a multi-strategy equity approach, on behalf of pension funds, institutional investors and high net worth individuals.

Majedie will transfer all existing employees to the new business, named Javelin Capital.

Javelin's line up includes executive director Gerry Aherne who will serve as chief executive, Victor Pina as chief investment officer, Dr Steven Asprey as portfolio manager and Nick Rundle (pictured), who is currently investment director for Majedie Investments .

l will be governed by a management board which consists of both Majedie Investments directors and Javelin Capital partners.

The assets of Majedie will continue to be managed by the current team, led by Rundle, who as a partner of Javelin Capital will report to the Majedie board.

Majedie will invest £4.5 million into Javelin Capital and it envisages that within three years Javelin Capital this capital will be substantially repaid. Majedie will hold an initial 70% participation in Javelin Capital whilst a 30% interest will be held by partners and staff.

Majedie chairman Andrew Adcock said: 'Having successfully benefited from the sponsorship of Majedie Asset Management, which has grown into a successful, award winning fund management company, we are seeking to repeat that success with Javelin Capital and perceive there to be significant appetite in the market for an equity manager with the ability to produce positive return, low volatility products.'