Specialist investment house Newscape Capital Group is readying the launch of a global spin-off fund aiming to take advantage of businesses going through demergers.
The Newscape Capital Global Spinoff fund, headed by Jim Osman, will invest in companies that divest or demerge assets into an independent business. Structured as a UCITS fund, the new portfolio will invest in the likes of Foster’s, Motorola and B&W which have all broken away from parent companies. The fund will invest in 20-30 companies when it launches, with an average holding period of one year. Stephen Decani, chief executive of Newscape Capital, said the fund is the first of its kind and will be investing in one of the most under-researched areas of the market. “What genera...
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