Edwards joins ABSA Capital
Chris Edwards has joined Absa Capital as of March 1, where he spearheads the company's move into the Prime Services space.
Strong start for Fairtree Fixed Income
The Fairtree Capital Fixed Income Fund, managed by Flip du Plessis and Ian Millard, has enjoyed a strong start to the year, gaining more than 5% in the two months since the strategy was launched under the Fairtree umbrella.
Chrysalis changes fund name
Cape Town-based Chrysalis Capital has changed the name of its fund to the Chrysalis Credit Arbitrage Fund to more accurately reflect its strategy.
Praesidium focuses on vanilla property finance
Cape Town-based Praesidium Capital Management has launched a new fund as of mid-February, focusing primarily on vanilla bridging finance in the property sector.
The launch of the Praesidium Credit Opportunities Fund coincides with the team’s decision to run down assets in its Praesidium Structured Finance Fund.
New draft released on Regulation 28
The long-awaited draft amendments to Regulation 28 of the Pension Funds Act were released by the National Treasury in February, for comment by 16 April 2010. The proposals are far reaching.
Time to stand up and speak out
The release of a new draft of Regulation 28 has caused consternation in the South African hedge fund industry, which had long been hoping for changes to the outdated Pension Funds Act 1956 to increase its prospects to raise assets, which at around R30 billion under management still account for a fraction of both the country’s market capitalisation and its broader investment industry.
Jacobs joins Blue Ink board
Aloysius Jacobs has been appointed as a non-executive director on the board of directors of Blue Ink Investments - the Sanlam-owned leading manager of fund of hedge funds in South Africa.
Insparo offers shortened redemption terms
Insparo Asset Management has bucked the industry trend by offering shorter redemption terms for the Insparo Africa & Middle East fund.
AIMA board teams up with ASISA
Board members of the South African extension of the London-based Alternative Investment Management Association (AIMA) resigned their positions as of mid-February to formally team up with the Association for Savings and Investment South Africa (ASISA).
RisCura opens London office
Albrecht Gantz is in the process of setting up a new London office for RisCura, the risk and investment consultancy’s second presence outside the country.