New Nile fund caters to US investors
New York-based asset management firm Nile Capital Management is advising on the Nile Pan Africa Fund, the only actively managed Africa-focused mutual fund in the US, and has plans to launch an Africa-focused hedge fund in time.
Sanlam repositions Octane under Blue Ink
Sanlam Investments, a division of the JSE-listed Sanlam Group, has realigned its multi-manager hedge fund cluster to incorporate Octane Holdings under the Blue Ink Investments banner, having recently acquired the remaining 50% of Octane it did not own (see HedgeNews Africa, January edition).
Khulalonda readies new R2D2 fund
Johannesburg-based Khulalonda Asset Management, headed by Kobus Kotze, is preparing for the launch of its second fund, Khulalonda R2D2, having just
reached the four-year milestone with its successful Khulalonda Fund, a South African market-neutral equity product.
Witten goes live with maiden fund
Experienced hedge fund hand Mark Witten has launched his own firm, Kaizen Asset Management, and gone live with his first fund, a multi-strategy fund focused on the South African markets.
Africa set to meet the call for frontier products
The games over, the fans back at home - the feeling everywhere seems to be that the World Cup was a big score for Africa, and particularly for the host nation, South Africa.
Insparo adds investor relations role
London-based Insparo Asset Management has appointed Man Investments' Emma Robinson as investor relations manager as of June 1, responding to an upsurge
in demand for its Africa and Middle East Fund.
Maitland hits R500 billion under administration
Maitland Fund Services, specialist provider of administration services to the asset management industry, has seen assets under administration exceed
R500 billion for the first time.
Peregrine benefits from improving picture
South African wealth and asset management company Peregrine Group in early June announced a 126% increase in basic earnings to R267 million for the
year to the end of March 2010, with headline earnings of R266.5 million that were 265% higher than last year.
IDS extends into Mauritius
IDS Group (IDS), the global specialist investment administrator headed by Ian Hamilton, has partnered with LC Abelheim (LCA), a Mauritian-based
management company, to offer fund administration to the Indian Ocean region.
Nedbank Capital builds prime services team
Nedbank Capital is continuing to build its Prime Services team with the recent appointment of Wayne Bennett as head of client management.