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Old Mutual Investment Group (SA) (OMIGSA)'s Multi-Strategy Hedge Fund is well into its fourth year, offering a unique combination of private equity and hedge fund strategies in a portfolio that now offers enhanced monthly liquidity terms.

HedgeNews Africa sits down with James Gilfillan, CIO of Alpha Asset Management, to discuss the industry and the investing environment.

"Back in 2008 when we started our Africa fund, people were looking at the potential of Africa. Now it is very much a reality," says Tutu Agyare, head of Nubuke Investments.

The Blueprint Hedge Fund from Johannesburg-based BEX Asset Management gained a net 1.74% in the first quarter, enjoying its 14th consecutive positive month with a 0.7% return in March.

Cape Town-based Oryx Investment Management, headed by Heiko van Wyngaarden, has had a broadly positive March, with its South African funds returning to the black after a difficult period for the business.

Johannesburg-based Mazi Visio Management Company has expanded its team with the appointment of Asanda Notshe, who takes the role of analyst/portfolio manager. He also increases the team’s risk management capacity.

Reuben Beelders has taken over at the helm of Gryphon Alternative Investments following the departure of founder member Jan Meintjes, who left the company in March.

Richard Bottger and James Faircliff, principals of Tower Capital Management, have partnered with BEX Asset Management as of 1 April, to benefit from operational and licensing aspects.

The hedge fund unit at Sanlam Investment Management (SIM) in Cape Town now has a year’s track record with its Gen-X Dynamic Alpha Fund, which was seeded in April 2009 after the team identified the need for a more aggressively mandated product.

The Coronation Multi-strategy Arbitrage Fund has had a strong first quarter, with Louis Stassen and Neville Chester taking over from respected founding manager Edwin Schultz, who left the firm earlier this year to relocate to Australia. The fund, which launched in July 2003, has been a strong performer since launch, returning a net 15.4% per year since inception. It targets annual returns of cash plus 5%.