Alpha Asset Management
HedgeNews Africa sits down with James Gilfillan, CIO of Alpha Asset Management, to discuss the industry and the investing environment.
Nubuke Africa Multi-Strategy Fund
"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.
Blueprint posts 14th consecutive gain
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.
Oryx weathers the storm
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.
Notshe on board with Mazi Visio
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.
Beelders takes over at the helm
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.
Tower teams up for expansion
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.
Gen-X Dynamic on target after first year
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.
Stassen, Chester settle succession at Coronation
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%.
Reg 28 consultation date passes
The South African industry has been working hard to make submissions to National Treasury on the first draft of the revised Regulation 28, part of Pension Funds Act 1956, which governs what domestic pension funds may invest in.