Archive

Johannesburg-based multi-manager 27four Investment Managers is expanding with the recent appointment of Bhavesh Patel as an investment analyst, joining the firm’s experienced investment team which includes Fatima Vawda, Given Phaladi and Vic du Preez. Patel was most recently a capital analyst at ABSA Capital, where he spent a year, and before that he was with NMG Consultants and Actuaries. He has an honours degree in actuarial science from Wits.

London-based Insparo Asset Management is stepping up marketing efforts with its Africa and Middle East fund, having successfully navigated its first year in turbulent market conditions while attracting some high-profile backing.

Trident Capital is planning the launch of a special opportunities fund, with ex-Achelon man Shawn Stockigt coming on board to drive the new initiative.

Do investors really know what they want from a hedge fund allocation? It is a question that needs to be asked, now more than ever, as the industry continues to fight its corner amid a static environment for fresh inflows and a decidedly critical investment community.

Stephen Brierley has joined Cape Town-based SYMMETRY Multi-Manager, a business unit of the listed financial services provider Old Mutual, as head of fund of hedge funds.

New York-headquartered Greylock Capital is raising money for its new Greylock Africa Opportunity Fund, having gone to first close with commitments of $77 million, including from the Overseas Private Investment Corp, the developmental agency of the US government.

South African fund of hedge funds provider Blue Ink has teamed up with Ubuntu-Botho Investment Holdings (UBIH), led by high-profile South African businessman Patrice Motsepe, forging a new black economic empowerment agreement following its acquisition of the full ownership of Legae Capital in May.

Cape Town-based PSG Absolute Investments has launched its PSG Multi-Strategy Fund, a blend of the four South African single-strategy hedge funds it manages from its dealing room in the Constantia winelands. The new fund targets reliable absolute returns with low volatility uncorrelated with traditional asset classes.

Mauritius-based Kura Capital now has a three-month track record with its Kura Africa fund, investing across Africa.

South African market-neutral fund Big Rock is the latest to offer a dollar version of its fund to offshore investors, having joined the South Africa Alpha Capital management platform, a Bermuda-based entity offering dollar-based access to South African hedge fund managers.