Wed, Mar 21, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South African hedge fund managers see great opportunity in African consumer theme

Wednesday, January 22, 2014

James Faircliff
Benedicte Gravrand, Opalesque Geneva:

James Faircliff and Richard Böttger, two young South African hedge fund managers, are passionate about the stock market and about investing: you’d have to be if you started trading stocks at the age of 13 – which they did. As grown-ups, they began their professional career in private equity, and then moved into the listed space. Together they eventually formed Tower Capital in 2009.

Tower Capital a Johannesburg-based firm; it runs a long/short equity hedge fund that is mainly focused on the South African stock market. After 52 months of trading, the annualized track record stands at 22% (net) with a standard deviation of 7%.

Faircliff and Böttger believe their strategy is a perfect fit for the continent.

"Africa is the last bastion of frontier investing," Böttger tells Matthias Knab during a recent Opalesque TV interview. "Everybody seems to want a piece of it, it's very topical, and certainly our strategy provides a very liquid access point into the African success story... we have the ability to be long liquid mid-market companies, and obviously for the downside protection given that we are an equity long/short fund. We are short the very high beta big market capitalization stocks."

Long lower beta stocks, short higher beta stocks They stu......................

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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  3. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  4. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  5. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu