Sturgeon Ventures launches robotics and automation fund

Added 5th January 2016

Sturgeon Ventures, a specialist in start-up financial services businesses, has launched a pure play robotics fund.

Sturgeon Ventures launches robotics and automation fund

The RoboCap Ucits Fund will select investments from a universe of around 150 stocks in the robotics and automation technology sector which incudes 3D Printing, drones and autonomous vehicle value chains.

The fund is being offered to high net worth investors, family offices and institutions in the UK and internationally.

It is being launched as a Ucits sub-fund of the ML Capital platform overseen by Sturgeon Ventures. Sturgeon is the portfolio manager, with Jonathan Cohen as the designated portfolio manager.

Disruptive value

Cohen founded RoboCap in August 2015 after leaving London & Capital Asset Management where he led a team of three portfolio managers.

“Robotics and automation are creating disruptive changes in every single industry. But we are now at an inflexion point because the cost and performance of robots and the average wages in manufacturing are now converging,” Cohen said.

"Robotics and automation are creating disruptive changes in every single industry."

“The technology is improving daily so now is the time to invest yet there are few vehicles that enable investors to benefit from the sector.

“Our aim is to become the leading investor in robotics and automation listed stocks, delivering the best risk-adjusted returns for investors.”

Niche market

Seonaid Mackenzie, managing partner at Sturgeon, said RoboCap is believed to be only the second equity fund specialising in listed robotics and automation companies.

“It is still a niche market because it is too small to be attractive to large asset managers for now and the technological evolution and new market opportunities and risks require specialist expertise. The Advisory Board will include some of the world’s experts in robotics,” she said.

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Richard Hubbard is the group editor at Last Word. He is responsible for the editorial content of International Adviser, Portfolio Adviser, Expert Investor and Fund Selector Asia. Richard previously worked for Thomson Reuters and has covered the financial services industry and investment themes from its offices in London, Singapore, Hong Kong and New York. Richard started his career at the Australian Financial Review in Sydney.

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