The Navis Jockey Fund
The Navis Jockey Fund invests in a concentrated portfolio of carefully selected listed equities where reputable private equity firms own a meaningful stake and the businesses are primarily based in the Asia Pacific region. We consider the Navis Jockey Fund a “listed equity approach to private equity in Asia”. The Fund only invests in companies that are portfolio companies of private equity or venture capital funds and are also listed. The Fund focuses on businesses with attractive fundamental characteristics, including strong growth prospects based on sustainable competitive advantage. The Fund’s objective is to achieve returns comparable to top quartile private equity returns, with low fees, high liquidity and subscription/redemption flexibility for investors.
The Navis Al-Bahhar Fund
The Navis Al-Bahhar Fund invests in a concentrated portfolio of Shariah-compliant listed equities focused on Asian businesses that have attractive fundamental characteristics, including high standards of governance and strong growth prospects based on sustainable competitive advantage. One preferred indicator of higher standards of governance in listed companies in Asia is participation by reputable private equity firms in the equity share capital of those companies. The objective of the Fund is to outperform the MSCI ex-Japan Small Cap index.
The Navis First Loss Account
The Navis First Loss Account is a separately managed account which invests in Asian equities on a hedged basis for a single institutional investor that has specific requirements, including the investment of proprietary capital alongside their capital on a “first loss” basis. The program invests in Asian equities which are expected to outperform relevant equity market indices based on strong growth in the underlying businesses and sustainable competitive advantages. The Account aims to hedge market risk by shorting relevant equity market index futures.