Sturgeon Capital launches global distribution strategy for Central Asia equities fund
Sturgeon Capital has launched its global distribution strategy for the UCITS IV-compliant Sturgeon Central Asia Equities Fund in partnership with ACOLIN Fund Services and Lemanik Asset Management.
Sturgeon Capital is an alternative investment manager focused on Central Asian markets. Founded in 2006 with the launch of the flagship Sturgeon Central Asia Fund, the firm has been managing public equities, fixed income and private equity investments in Central Asia for over six years. Sturgeon Capital currently manages over USD100m across a range of funds and accounts, including the Sturgeon Central Asia Equities UCITS IV Fund.
The Sturgeon Central Asia Equities Fund invests primarily in equity securities of companies listed on regulated markets but which have a substantial exposure to Central Asia.
The fund was initially offered to a limited group of qualified and institutional investors. Based on the success of the initial six month marketing period, which resulted in a doubling of the fund's assets since launching in October 2012, Sturgeon Capital has partnered with Lemanik Asset Management in Luxembourg and ACOLIN Fund Services in Zurich in order to roll out full global distribution of the fund to both retail and institutional investors alike.
Paul Henderson, head of business development and marketing for Sturgeon Capital, says: "When we were looking for distribution partners, we needed professional teams that could provide market insight and also had established and robust global networks. We needed to be confident that these networks would reach the widest audience possible given the relatively niche nature of our regionally focused fund range. I believe that we have found partners that exceed those expectations in both ACOLIN Fund Services and Lemanik Asset Management."
The fund is initially being registered for public distribution in the UK, Sweden, Switzerland, Belgium, Estonia, Finland, Latvia and Lithuania, with more markets due to be added as demand dictates.