Wed, Feb 10, 2016
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time