Fri, Apr 18, 2014
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

Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an