Thu, Apr 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Interest in African hedge funds continues to grow - survey

Wednesday, November 06, 2013

Bailey McCann, Opalesque New York:

Novare Investments second annual Africa funds survey shows growing interest in the continent. Report data shows that capital flows to Africa focused funds are becoming more steady, a trend which is expected to continue as more African countries develop and mature. 39 funds participated in the survey, amounting to approximately US$3.180bn of assets under management. Half of the funds participating in the survey have a track record of five years or longer, and 30% of the funds participating were UCITS compliant.

Africa is home to 6 of the 10 fastest growing economies worldwide, and return starved investors are paying attention. According to data in the survey, eight sub-Saharan African Countries (SSAs) are expected to produce GDP growth rates well above 6.0% this year, with another 13 on pace to do the same in 2014 - figures that make 2% US GDP growth look more developing than developed.

Even with these stellar growth projections, equities markets in individual African states can be wildly different from each other. "Investors in African financial stock markets have witnessed a wide dispersion in the returns produced by individual markets. In dollar terms one of the best returns over the 12 months to 30 June 2013 (as measured by the MSCI Indices) was the Ghanaian market with 108.4%, while one of the worst performers was the Egyptian market which ended the period 13.6% lower," authors write.

Still, investors in Africa fun......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob