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Opalesque Exclusive: African landscape (3) – Mergence to start an offshore hedge fund, looking for seeders, strategist maintains commodity market not a cyclical phenomenon
Benedicte Gravrand, Geneva: The third of an overview of the financial landscape in Africa and South Africa through a handful of fund profiles in Opalesque’s new Monday series (last article.)
Mergence Africa Investments (MAI) is an independent, black-owned and managed specialist fund manager in South Africa, with about R3.8 billion assets under management, a three-year track record and over 65 years collective experience. MAI offers expertise in the following investment areas: absolute return funds; specialist equity funds; hedge funds; and socially responsible investments (SRI). Fabian de Beer, Mergence’s investment strategist, talked to Opalesque.
The two hedge funds
The two multi-strategy hedge funds, managed by Masimo Magerman, are the Uvuno fund and the Lerum fund. “They are not funds in which each person focuses on a strategy, like in an in-house FoFs,” Mr. de Beer said. “We look for opportunities across asset classes, derivatives, etc. We short in all portfolios.”
The Mergence Africa ...................... To view our full article Click here
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