The UK-listed investment trust that launched the well-regarded equities specialist Majedie Asset Management eight years ago is hoping to emulate the runaway success of its previous effort by founding another equities boutique, Javelin Capital.

Majedie Investments set up Majedie Asset Management in 2002, which has since grown to manage over £5bn of assets, according to its website. The business, which has never managed assets for Majedie Investments, benefited from substantial investor interest, and closed to new institutional business in late 2006, only taking on new institutional mandates to replace withdrawals by other investors.