Ex-Stanlib man Woodley launches Aquila
Ex-Stanlib veteran Ian Woodley has teamed up with BEX Asset Management in Johannesburg, quietly launching the Aquila Hedge Fund, which has been seeded with R5 million.
Ken Kinsey-Quick to speak in Cape Town
HedgeNews Africa is delighted to announce that Ken Kinsey-Quick of London-based Thames River Capital will be delivering a keynote address at the HedgeNews Africa Symposium, to be held on February 18 at the Vineyard Hotel in Cape Town.
Ahmed sets up his own boutique at Forte
Ex-Stanlib executive director and head of external portfolios Imtiaz Ahmed has set up his own boutique hedge fund firm Forte Alternative Strategies, taking full ownership of the renamed Forte 20/20 Fund, which was previously run as a joint venture with First South Financial Services.
Adrian De Fay joins IAM
Well-known manager Adrian De Fay is joining Cape Town-headquartered Investec Asset Management, following the takeover of his business De Fay Fund Management. He will be managing the Investec Equity and Investec Equity Hedge Fund, with total assets under management of more than R4.4 billion, freeing up current manager Gail Daniel to focus on the Investec Managed Fund, which she has run successfully for seven years.
Hedge fund managers are at a crossroads
Hedge fund managers are at a crossroads. That's how one manager we spoke to recently expressed the conundrum some in the industry now face. Since the credit crisis erupted, a mammoth realignment in global markets has understandably left many with a still-diminished appetite for risk.
Deutsche adds senior staff to equities platform
Deutsche Bank has made four senior appointments to its South African equities platform, reinforcing its commitment as a key emerging markets investment bank.
Tyandela joins Clade as CEO
Ex-SIM man Luvo Tyandela has joined Clade Investment Management as CEO, teaming up with Carl Isernhinke and Gavin Goldblatt to lead the Cape Town based investment company.
Pretorius and Steenkamp go at it alone
Jacques Pretorius and Leonard Steenkamp have moved to new offices in Houghton, Johannesburg, having taken full ownership of T Capital, following the unbundling from the parent company T Sec after the sale of its stockbroking division to PSG Konsult earlier in the year.
Botha on board at Atlantic
Albert Botha has joined Belville-based Atlantic Asset Management as a fixed income analyst, and will be supporting CIO Arno Lawrenz and fixed income strategist Erik Nel.
InvestAD seeks to attract global investors
Invest AD, the new brand of the Abu Dhabi Investment Company, is pushing ahead with its strategy to attract global investors to the Middle East and Africa, with the launch of four equities funds this year.