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From the Opalesque team:

Opalesque learned this morning that, following the success of the Optis Africa hedge fund (see April-08 Opalesque Exclusive), co-managers Optis Investment Management and Oryx Investment Management have launched a long only pan-African fund, the Optis African Frontier Fund.

Fund managers Gavin Butcher, a top rated South African analyst for many years now based in London and head of Optis, and Heiko Van Wyngaarden, who has been investing in South Africa and abroad for twenty years and who heads Oryx in Cape Town, have identified numerous opportunities in Africa that are trading at attractive valuations.

These opportunities include, but are not limited to companies listed and operating in Nigeria, Kenya and recently Zimbabwe. The fund's mandate excludes investments on the Johannesburg Stock Exchange and the managers believe this fund is the perfect opportunity for investors wanting pure African exposure.

Whilst the fund is long-only, it has the ability move its exposure to 80% cash if necessary. It will invest in companies listed on African stock exchanges as well as other developed markets, provided the company's operations are based in Africa.

The BVI-domiciled Optis African Frontier Fund was launched in August-09......................

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