Nexus takes decision to close Triton
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.
Investment analyst rejoins Novare
Keatlaretse Mooki rejoined Novare Investments as an investment analyst at the start of August, having previously spent two years with the company.
Novare raises capital for African property
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.
Bacci Applause reaches four years
Paul Rozowsky and Derek Schwartz at Bacci Trading in Cape Town now have a four-year track record with their Bacci Applause Growth Fund, an actively traded long/short directional strategy focused on the South African markets that has delivered consistent, conservative returns.
Peter Douglas to keynote at Symposium
HedgeNews Africa is delighted to announce that Peter Douglas, principal of GFIA, Asia's longest-established hedge fund consulting firm and a substantial wealth manager, will be delivering a keynote address at the HedgeNews Africa Symposium, scheduled for February 2011 in Cape Town.
KADD plans new fixed income offering
Johannesburg based fixed income manager KADD Capital has reached capacity with its existing fixed income strategies, hard-closing its funds to
investors with a combined R1 billion under management. The team also plans to launch a new fixed income strategy.
Orange Capital merges with Alpha
KwaZulu-Natal based alternative asset manager Orange Capital has merged into South Africa's Alpha group, cementing the group's position as a premium
boutique financial services provider.
Blazing a trail into “terra incognita’
"It is our belief that Africa is at a tipping point and that in the not too distant future we will be talking about the strength of Africa as we do about the BRIC and Asian Tiger economies,"
Strong start for Zambezi
The Zambezi Fund, a Zimbabwean portfolio advised by the Johannesburg-based Laurium Capital team in conjunction with global investment advisory firm Ambata Partners, has had a strong start.
Barak posts near 8% for H1
The Barak Structured Trade Finance Fund added a strong 7.8% in the first half, following a net 14.9% gain in the first 11 months of 2009 (or an annualised 16.25%).