Fund Profiles

Gen-X duo in their stride with market-neutral fund

With a successful seven-year collective track record in hedge funds, the Gen-X duo feel at ease in the current market environment and aim to soft-close before year end.

Storm Capital long/short forges a steady start

Tokai-based Storm Capital has made a healthy start with its Storm Capital Long/Short Fund, gaining 10.9% in the six months since launch. With its initial track record and product positioning in place, the fund is now being opened to additional investors.

Hossain builds record with stat arb fund

Dr Nafees Hossain at Sanlam Investment Management is well into his second year with his Gen-X Statistical Arbitrage Fund, which has gained almost 20% since inception last June.

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.

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.

Greylock focuses on Africa with OPIC backing

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.

PSGAI launches multi-strategy fund

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.

Thames River goes live with Africa fund

London-headquartered fund of hedge funds provider Thames River Capital has launched its Thames River Africa Focus Fund, allocating $15 million to 10 Africa managers as of July 1, making it one of the first big multi-manager players to tap into the African markets.