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Ex-Sanlam Prime man Terence Naidu has set up his own business, known as Tarea Capital Solutions, entering into a joint venture with Fatima Vawda's 27Four Investment Managers to launch a Cash Optimiser product.

Johannesburg-based Acumen Capital now has a 12-month formal track record with its AcuityOne Hedge Fund, a relative-value fixed income fund focused on the South African markets.

Fresh from their annual summer break, managers in Europe and the UK might have been forgiven for hoping that the environment had become easier in the hedge fund industry, but that does not seem to have been the case.

Cape Town-based Trident Capital has teamed up with Merchant Factors, South Africa's biggest independent trade finance and factoring house, to launch the Specialist Finance Fund, a credit fund

Johannesburg-based Duality Systems is preparing to launch its Duality Systems Primary Fund to outside investors, having generated a strong internal track record with its South African quantitative-based strategy.

Following the phenomenal success of the hedge fund industry's 2009 charity event, which raised R1 million for eight South African charities, the industry gathers in Johannesburg this October for a celebration of South Africa's successes in 2010 and another opportunity to make a difference for those in need.

Cape Town-headquartered specialist fund administrator IDS Group has launched an internship programme, offering final-year students and new graduates the opportunity to gain work experience in a difficult job market.

Nexus Asset Management has taken the decision to close the Nexus Triton Fund as of the end of July, as it has not gained the scale required to justify fund costs.

Keatlaretse Mooki rejoined Novare Investments as an investment analyst at the start of August, having previously spent two years with the company.

Novare Equity Partners, a division of the Novare Group, is raising capital for the Grand Towers Africa Property Fund 1, a private equity fund that will invest in property across Sub-Saharan Africa with a focus on retail developments with reputable anchor tenants from South Africa or other international markets.