Sat, Feb 25, 2017
A A A
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

amb
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. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  2. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  3. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  4. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  5. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d