Kijana Ashton Mack is the Founder and Senior Managing Director of Ashton Global, world’s best performing emerging manager hedge fund platform.
The newly deregulated power markets in Mexico provided an opportunity to further grow Ashton Global’s platform in Latin America. After identifying many low-risk opportunities related to project finance, renewable energy, and electricity markets, Ashton Global launched full-time investment operations in the country in October 2018. While previously only focused on the family offices in Mexico for fundraising, we now expect Mexico to be a major source of deal flow over the next three to five years.
Ashton Global’s experience in emerging markets and new partnership with the European Bank for Reconstruction and Development (EBRD) led to the formation of the direct lending strategy. Seeking to utilize the deal pipeline and local markets expertise of the Africa Frontiers Fund and the International Small-Cap Fund, along with the support of regional development banks, we expect to offer a compelling private credit product in today’s world of low interest rates globally.
After being selected to participate in the Sharjah/Financial Times FDI Conference, Ashton Global’s network grew to potentially include major seed capital providers and development banks in Sharjah, Dubai, and Abu Dhabi.
Portfolio Manager Joel Mwaura was introduced to Ashton Global by a 20-year high school friend of Kijana Mack. While initially introduced to work jointly on mining and real estate transactions in Africa, it quickly became clear that a larger and more formal partnership was warranted. The Africa Frontiers Fund was formed and is focused on East Africa with a special interest in Kenya. The fund will pursue niche investment opportunities at attractive valuations, with a moderate level of risk. The country’s road and telecom infrastructure, educated and growing population, and geographic location make this the country of choice for accessing Africa.
In mid-2017, Kijana contacted fellow Loyola alumni Harry Markopolos to discuss rasing capital for Ashton Global. Mr. Markopolos introduced Ashton Global to a prominent New York-based hedge fund that has a long-term investment horizon and that was seeking to scale by seeding managers. In a series of three transactions valued at $4.75 million, Ashton Global was now a well-capitalized start-up with capital to grow, and support from a well established hedge fund manager.
As part of the terms of the transaction with the New York-based hedge fund, certain interests on potential case settlements owned by Ashton Global were pledged to the seed capital provider. In parallel with this liquidity event, the remaining portion of those initial case settlements were put into a fund that is open to accredited investors. Since the launch, more than a dozen potential settlement interests have been added to the portfolio. We expect litigation finance to be a long-term platform for growth and capital appreciation at Ashton Global.
Ashton Global evaluated Sao Paolo and Mexico City as it sought to expand its operating footprint into Latin America. After careful consideration of the business climate, ethics and regulatory compliance, infrastructure, and the time-zone, Mexico City was ultimately selected as the headquarters in Latin America.
After meeting in New York in 2010, Kijana became close friends with Thinley Wangchuk. They would often meet to discuss value investing and major market developments on a regular basis. After becoming clear that there were major synergies between Wangchuk Capital, LLC and Ashton Global, Mr. Wangchuk signed on as Ashton Global’s first emerging manager who enjoys a five-year track record and a 1.30 Sharpe ratio.
Kijana also worked on the buy-side at a large hedge fund based in New York. As the Director of Credit Risk and Underwriting, Kijana gained substantive private transaction experience on the origination and structuring of term loans and revolving credit facilities to SMEs across Latin America.
Ashton Global maintains a focus on compliance and transparency. It was formed in Delaware as a Limited Liability Company and does not use offshore entities in any jurisdiction. All fund structures are simple and transparent and provide piece of mind for potential investors.
From 2005 to 2010 Kijana Mack worked for Cambridge Associates, world’s largest institutional investment consulting firm. As a leader in the Capital Markets Group, Kijana gained experience across multiple asset classes, and gained experience delivering the level of service necessary for world’s most sophisticated clients.
After completing an MBA program ay Loyola’s Sellinger School of Business, Kijana headed to Manhattan to cover oil & gas, mining, and packaging companies at Moody’s, world’s largest credit rating agency. Kijana gained prominence among investors for publishing timely investment research, delivering incredibly accurate forecasts, and for providing prudent relative value trading recommendations to clients across the capital structure.