Investors and their hedge fund allocations
Do investors really know what they want from a hedge fund allocation? It is a question that needs to be asked, now more than ever, as the industry continues to fight its corner amid a static environment for fresh inflows and a decidedly critical investment community.
Ex-WWC man Brierley joins SYMMETRY
Stephen Brierley has joined Cape Town-based SYMMETRY Multi-Manager, a business unit of the listed financial services provider Old Mutual, as head of fund of hedge funds.
Greylock focuses on Africa with OPIC backing
New York-headquartered Greylock Capital is raising money for its new Greylock Africa Opportunity Fund, having gone to first close with commitments of $77 million, including from the Overseas Private Investment Corp, the developmental agency of the US government.
Motsepe’s UBIH takes stake in Blue Ink
South African fund of hedge funds provider Blue Ink has teamed up with Ubuntu-Botho Investment Holdings (UBIH), led by high-profile South African businessman Patrice Motsepe, forging a new black economic empowerment agreement following its acquisition of the full ownership of Legae Capital in May.
PSGAI launches multi-strategy fund
Cape Town-based PSG Absolute Investments has launched its PSG Multi-Strategy Fund, a blend of the four South African single-strategy hedge funds it manages from its dealing room in the Constantia winelands. The new fund targets reliable absolute returns with low volatility uncorrelated with traditional asset classes.
Kura Capital gets into its stride
Mauritius-based Kura Capital now has a three-month track record with its Kura Africa fund, investing across Africa.
Big Rock joins offshore platform
South African market-neutral fund Big Rock is the latest to offer a dollar version of its fund to offshore investors, having joined the South Africa Alpha Capital management platform, a Bermuda-based entity offering dollar-based access to South African hedge fund managers.
Thames River goes live with Africa fund
London-headquartered fund of hedge funds provider Thames River Capital has launched its Thames River Africa Focus Fund, allocating $15 million to 10 Africa managers as of July 1, making it one of the first big multi-manager players to tap into the African markets.
Welcome to
Welcome to HedgeNews Africa - we hope you enjoy our first online edition, which comes with the latest news updates and performance data from a growing number of funds and strategies operating in South Africa and elsewhere on this exciting continent.
Skybound to offer clients ‘a total wealth solution’
Group chairman Cliff Warren believes that in the current market portfolio diversification is key, and if done properly it won’t neutralise returns