Dublin-domiciled Pilgrim Global ICAV only came to shipping five years ago, but now almost half of its money is in the industry — in crude carriers, small containerships and dry bulk.
The fund started by Fidelity Investments veteran Darren Maupin in 2011 with $10m to invest has grown that to more than $250m under management, in addition to separate investments by Maupin's Pelerin Global.
