Bottger, Faircliff launch low-vol product
Richard Bottger and James Faircliff at Johannesburg-based Tower Capital Management have launched their new equity long/short hedge fund, the Tower Fund, now in its third month.
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.