AIMA raises R1 million for charity
The South African working group of the Alternative Investment Management Association (AIMA) raised R1 million for charity at its second annual Winter Charity Dinner in Cape Town in late August, with support from leading industry players, including fund managers, fund of funds and service providers.
Ex-Gandhara man on board at Insparo
London-based Insparo Asset Management has appointed James Gore as finance and operations manager, enhancing the firm’s operational capabilities as its steps up marketing efforts following a successful first year with its Africa and Middle East fund.
Landi joins Silk Invest to head trading
London-headquartered Silk Invest has hired Patrick Landi as head of trading and origination, bringing to eight its investment team, headed by CIO Daniel Broby.
Orthogonal changes tack with Alchemy
Orthogonal Investments, headed by CIO Rowan Williams-Short, has closed its Alchemy multi-strategy fund to outside investors, returning capital to two key institutional backers after the team’s decision to focus attention on its sizeable long-only business.
Barak forges ahead in African commodities
Finance Fund, which offers mezzanine financing for commodity trades across Africa, returning almost 10% since inception in February 2009 with no negative months.
Hossain builds record with stat arb fund
Dr Nafees Hossain at Sanlam Investment Management is well into his second year with his Gen-X Statistical Arbitrage Fund, which has gained almost 20% since inception last June.
Ex-Stanlib man Woodley launches Aquila
Ex-Stanlib veteran Ian Woodley has teamed up with BEX Asset Management in Johannesburg, quietly launching the Aquila Hedge Fund, which has been seeded with R5 million.
Ken Kinsey-Quick to speak in Cape Town
HedgeNews Africa is delighted to announce that Ken Kinsey-Quick of London-based Thames River Capital will be delivering a keynote address at the HedgeNews Africa Symposium, to be held on February 18 at the Vineyard Hotel in Cape Town.
Ahmed sets up his own boutique at Forte
Ex-Stanlib executive director and head of external portfolios Imtiaz Ahmed has set up his own boutique hedge fund firm Forte Alternative Strategies, taking full ownership of the renamed Forte 20/20 Fund, which was previously run as a joint venture with First South Financial Services.
Adrian De Fay joins IAM
Well-known manager Adrian De Fay is joining Cape Town-headquartered Investec Asset Management, following the takeover of his business De Fay Fund Management. He will be managing the Investec Equity and Investec Equity Hedge Fund, with total assets under management of more than R4.4 billion, freeing up current manager Gail Daniel to focus on the Investec Managed Fund, which she has run successfully for seven years.