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Seraphim Capital Adds Pioneering Space Tech Fund: Top Portfolio Products

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Seraphim Capital Adds Pioneering Space Tech Fund 

Seraphim Capital, a London-based venture capital fund manager, launched a fund focused on early stage space-related technology businesses.

According to the firm, the Seraphim Space Fund will be the first fund of its size anywhere in the world to focus on investing in early-stage technology companies emerging from the “new space” revolution.

The fund will focus on companies that use digital data from satellites that is already delivering commercial advantage and social innovations ranging from intelligent transport and smart cities through to sectors such as insurance, maritime, agriculture or oil and gas.

The fund has a strategic partnership with the European Space Agency, which will give the fund access to relevant space infrastructures, to companies with a portfolio of hundreds of software application projects as well as companies in ESA’s 16 pan-European business incubators.

To ensure the fund’s reach into Silicon Valley, Michael Jones, who is the founder of Google Earth and Google’s former chief technology advocate, joined the Seraphim Space Fund as a managing partner.

FlexShares Exchange Adds Bond ETF

FlexShares has expanded its ETF offering with a second actively managed fixed income ETF: the Core Select Bond Fund (BNDC).

The actively managed Core Select Bond Fund seeks total return and preservation of capital and does not track a specific index.

According to Shundrawn Thomas, head of Northern Trust’s funds and managed accounts group, which sponsors and manages FlexShares funds, the Core Select Bond fund provides efficient diversification through liquid investments in underlying fixed income ETFs and individual securities.

“Demand for fixed income ETFs is growing rapidly as evidenced by the growing share of fixed income ETFs in the past several years,” said Thomas, in a statement. “Investors are particularly interested in ETFs that can serve as core portfolio holdings.”

FlexShares has more than $10 billion in assets since its ETF suite launch in September 2011.

Read last week’s Top Portfolio roundup: Janus Launches Firm’s First Actively Managed ETF.


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