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Investing in Shipping Marine Capital’S Gihan Ismail Brings Shipping to the Institutional Investment Market

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Investing in Shipping Marine Capital’S Gihan Ismail Brings Shipping to the Institutional Investment Market June 2015 AlphaFOR INSTITUTIONAL INVESTORS & ASSETQ MANAGERS CROWDFUNDING TIGER CUBS The new kid growing Sharpen their up on the block claws in the private markets INTELLECTUAL PROPERTY WINE SURVEY Mind the IP risks BNP Paribas reveals when doing the stats behind academic investing your glass of red MONETISING DATA STAMPS MANAGEMENT Using philately to Quality data breeds hedge inflation long-term success Investing in shipping Marine Capital’s Gihan Ismail brings shipping to the institutional investment market www.AlphaQ.world Source new investors Be the first to know about investors’ fund searches View performance of individual funds Customize performance benchmarks to meet your needs Access profiles for over 17,200 hedge funds Conduct market research and competitor analysis Develop new business Find out how Preqin’s Hedge Fund Online can help your business: www.preqin.com/hedge [email protected] | +44 (0)20 3207 0200 alternative assets. intelligent data. EDITORIAL elcome to the second edition of Global Fund Media’s AlphaQ, the digital magazine focused on skill-based, risk adjusted Wreturns. We have a plethora of subjects in this issue. Our cover story focuses on shipping, which provides institutional investment managers with true diversification. We look at the shipping industry and the fund route to investment. From here, our attention turns to crowdfunding which is rapidly maturing from its homespun origins to holding its own alongside its more traditional Private Equity and Venture Capital peers. Our piece explains how it can work for institutional investors. Stamp collecting has come a long way from its image of earnest ELEANOR ROSTRON youngsters, albums and pots of glue. Stamps are now valued as a tangible asset in an uncertain world. We talk to Stanley Gibbons Group on the launch of its new fund. Next we focus on the Tiger Cubs, the investment managers who stepped out from Julian Robertson’s Tiger Management, who are taking opposing bets in the high-risk, high-growth tech and broader venture capital private Managing Editor markets. James Williams talks with CB Insights and analyses what the Beverly Chandler Email: [email protected] younger generation of Tigers is up to. Contributing Editor James Williams Enjoy all this and more in this issue of AlphaQ. We are bi-monthly so Email: [email protected] our next issue will be in August. Online News Editor Mark Kitchen Email: [email protected] Do, please, be in touch if you have views or stories to tell. Deputy Online News Editor Beverly Chandler Leah Cunningham Email: [email protected] Managing editor, AlphaQ Graphic Design Siobhan Brownlow Email: [email protected] Email: [email protected] Sales Managers Simon Broch Email: [email protected] Malcolm Dunn Email: [email protected] Marketing Administrator Marion Fullerton Email: [email protected] Head of Events Katie Gopal Email: [email protected] Head of Awards Research Mary Gopalan Email: [email protected] Chief Operating Officer Oliver Bradley Email: [email protected] Chairman & Publisher Sunil Gopalan Email: [email protected] Published by GFM Ltd, Floor One, Liberation Station, St Helier, Jersey JE2 3AS, Channel Islands Tel: +44 (0)1534 719780 Website: www.globalfundmedia.com ©Copyright 2015 GFM Ltd. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher. Investment Warning The information provided in this publication should not form the sole basis of any investment decision. No investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor. Past performance is no guarantee of future results. The value and income derived from investments can go down as well as up. AlphaQ June 2015 www.AlphaQ.world | 3 CONTENTS June 2015 AlphaFOR INSTITUTIONAL INVESTORS & ASSETQ MANAGERS CROWDFUNDING TIGER CUBS The new kid growing Sharpen their up on the block claws in the private markets INTELLECTUAL PROPERTY WINE SURVEY Mind the IP risks BNP Paribas reveals when doing the stats behind academic investing your glass of red MONETISING DATA STAMPS MANAGEMENT Using philately to Quality data breeds hedge inflation long-term success 16 21 38 Investing in shipping Marine Capital’s Gihan Ismail brings shipping to the institutional investment market 05 High seas investing 21 Crowdfunding comes of age Shipping funds – funding shipping offers Crowdfunding – what is it, how can you www.AlphaQ.world a non-correlated investment return for make money out of it and how can you institutional investors and increasingly evaluate it as an investment strategy? Companies featured in comes through a fund structure, Beverly Beverly Chandler looks at the new kid this issue: Chandler finds out more. growing up on the block. • Advent 07 Mousetraps and the art of generating 24 Global high yield financials – • BNP Paribas alpha a growing asset class • Brewdog James Williams talks to Serone Capital Satish Pulle, ECM Asset Management, • CB Insights as they explore structured credit the USD8 billion credit specialist owned • Crowdcube opportunities in the Eurozone by Wells Fargo Asset Management, goes • Cubico Sustainable into detail on the subject of European Investments 10 The importance of real assets high yield financials. • Cult Wines Preqin’s monthly report on current • ECM Asset trends in the investment markets, this 26 Crunch time Management month looks at real assets, do they offer James Williams profiles Heckyl • Fuel.Ventures competitive returns, how do you measure Technologies, providers of information • Global Maritime them and are they scalable? arbitrage Investments Group • Heckyl Technologies 13 Chinese insurers eye up European 29 Sticking the knife in • Indos Financial real estate Randeep Grewal’s regular column draws Joe Valente, JP Morgan Asset diagnostic parallels. • Intelligent Partnership Management, writes on how Chinese • The Investors’ Academy insurance companies are showing 31 Pumping capital into DGFs • JustPark a noticeable increase in interest for James Williams looks at Punter Southall • Marine Capital European real estate. Investment Consulting’s insights into • Markco Media diversified growth funds. • JP Morgan Asset 14 Tiger cubs sharpen their claws Management Former Tiger cubs sharpen their claws 34 French wine remains buoyant • Nesta in the private markets. James Williams BNP Paribas’s wine survey shows that • Preqin explains. Europe maintains its position as the • Punter Southall major global exporter of wine. We look at the figures behind your glass of red. • Serone Capital 16 Beware the perils of intellectual • Stanley Gibbons Group property rights James Williams evaluates the IP risks to 36 Expanding into real assets • Stevens & Bolton LLP PE managers investing in companies that Independent depositary Indos Financial’s • Syndicate Room operate on university campuses and in Bill Prew explains to Beverly Chandler his • Taylor Wessing incubator units. firm’s move into private equity and real • Ve Interactive assets. • VentureFounders 18 Put a stamp on it • VesselsValue.com No longer the preserve of the serious 37 Infrastructure giant minded youngster, stamps are now Beverly Chandler profiles infrastructure valued as a tangible asset in an giant Cubico Sustainable Investments. uncertain world. Beverly Chandler interviews Michael Hall, CEO of Stanley 38 Data strategy challenges abound For investment managers, the single Gibbons on his new rare stamps fund most important factor in their long-term and the exponential growth of grown up health and success may well be high stamp collecting quality data management, says Advent’s Hakan Valberg. AlphaQ June 2015 www.AlphaQ.world | 4 SHIPPING High seas investing Beverly Chandler looks at routes into investing in shipping for the institutional investment manager. ne of the oldest sources of much of the City of London’s historical strength and Owealth comes from shipping. London’s navigable river and large natural port combined with a geographically central position in the commercial world, allowed the city to become a thriving financial centre many centuries ago. Today, shipping is enjoying something of a revival as a sector that can offer institutional investors attractive returns and diversification from all major asset classes. Supporters says that shipping strategies are flexible, can be tailored to income or capital appreciation, and offer high liquidity for a real asset in that ships can be bought and sold in a day. German restructuring consultant and investment manager, Notos, recently announced that the German shipping market “It has taken a while to educate the might be on the threshold of a rebound, as institutional investment market but interest domestic institutional investors in search of is growing.” diversification could be about to pour multi- billions of dollars into the sector. Gihan Ismail, Marine Capital Gihan Ismail, business development director of Marine Capital, a firm founded in 2003 that these sectors offer institutional investors a offers institutional investors access to shipping, better risk reward profile. Our ethos is to offer explains that their firm started off with the idea of
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