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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

Africa-Focused Investment Firm Breaks Into The US

Max Skjönsberg
Reporter

20 April 2012
Daily News Analysis

Scipion Capital, the Cayman Island-domiciled investment house which specializes in African investment, has made its Commodity Trade Finance Fund available to US investors in a bid to break into the market.

The firm sees a growing appetite for commodity-related and alpha-seeking strategies in the US, and believes that American investors are keen to capitalize on what it describes as a rapidly expanding and developing commodities supply chain from the African continent to the US.

“The US investor market is quicker than most to capitalize on opportunities to add alpha to their portfolios when they can,” said Nicolas Clavel, the fund’s lead manager. “In a continent that is progressing as fast as this one, this is the time for global investors to take advantage of its continuing growth.”

The CTF fund provides loans directly to companies and financial institutions trading in soft commodities across the African continent, and aims to make its returns through reimbursement of the loan upon the completion of each deal. It has a minimum investment of $500,000 and targets high net worth individuals, family offices, hedge funds and institutional investors.

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