Nexus 130:30 fares well in volatile conditions
The Nexus 130:30 Fund has fared well in volatile market conditions, with a 2.32% return in May bringing its gains since inception in March 2009 to a net 35.09%.
Trillian Capital launches long/short product
Trillian Capital has officially launched its first hedge fund as of June 1, a long/short strategy that takes a momentum trading approach to the top 100
listed counters in the South African market.
Cadiz goes live with new Africa portfolios
Cadiz Asset Management has launched two new African equity products as of June 1, having hired ex-Alden Global Africa fund manager Marc Sullivan to manage the funds.
Proving their worth in difficult times
May was a month of uncertainty and volatility in global equity markets, marked by growing concerns about sovereign credit risk, the "flash crash" of May 6 when the Dow dropped as much as 1,000 points, Germany's temporary ban on naked short selling and the BP oil spill in the Gulf of Mexico.
Insparo expects growing Russian interest
London-based Insparo Asset Management has predicted a surge in frontier market investment from Russia's high-net-worth investor base, as investors look to less correlated investments.
ARK announces two African health initiatives
Absolute Return for Kids (ARK), the international charity founded in 2002 by senior figures in the alternative investment industry, raised £14.1 million at its ninth annual gala dinner held in London on May 13.
Signal restructures managed futures strategy
Signal Automated Investments has stopped trading its managed futures strategy as of the end of April, and is in the process of restructuring the fund
from segregated managed accounts into a fully fledged hedge fund.
Green Earth Africa seeks capital for growth
Nick Havercroft at Green Earth Africa is looking to raise US$6 million to fund ongoing development at his environmental offset and renewable resources company, one of few initiatives on the continent operating in the growing carbon-credit space.
RMBAM woos investors with Africa offerings
RMB Asset Management's two African funds had a strong April, with the dollar-based fund gaining 3.6% for the month and the rand version adding 5%. By comparison, the MSCI Frontier Market Africa ex-SA Index rose 4.8% and the MSCI Frontier Market Africa including SA index rose 2.9%.
Brait offers offshore access to multi-strategy fund
The Brait Multi-Strategy Fund is now open to foreign investors, having joined the dollar-based SA Alpha platform.