Former Nevsky partner Mike Sell has joined Alquity with the investment boutique lining up a triple fund launch.
Sell joins as head of Asian equities from F&C Investments and his hire follows on from the firm bringing in former Baring emerging market chief Roberto Lampl as head of Latin America earlier this month.
Alquity, which has an existing Africa fund, is looking to broaden its range of products and is lining up a pan-Latin America for Lampl, as well as Indian sub-continent and Asia funds for Sell. These will be launched in March, subject to regulatory approval.
The group has a socially responsible mandate and Alquity Investment Management donates 25% of its fee revenue to micro-finance projects in the underlying region that it invests in.
Alquity Africa was launched in 2010 and last year saw its assets grow from $22 million to $65 million as its track record hit the three year mark. The fund returned 14.3% in 2013 and Alquity chief executive said this shows that investors do not have to sacrifice performance to invest in a socially responsible way.
The Africa fund has now donated over $250,000 to worthy causes across the continent with the firm using an independent panel of experts to select the projects backed.
Alquity chief executive Paul Robinson said supporting the impoverished and helping fund fledgling businesses creates a virtuous circle by improving the regional economy and building up consumer spending power.
‘We will be using the same investment process in Asia and Latin America, using on the ground partners, ensuring the projects we back are transparent and have the ability to let our clients go out there and see the work we are doing,’ he said.
‘From an investment point of view, we think there are great frontier market opportunities and because we are smaller, we can go into small and mid caps that larger funds cannot.’