Wed, May 18, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mining billionaire Nicky Oppenheimer backs new South African hedge fund

Tuesday, October 18, 2016

Komfie Manalo, Opalesque Asia for New Managers:

Former Capricorn Capital Group fund managers Andrew Crawford and Stephen Carew were given a major boost after South African diamond mining billionaire Nicky Oppenheimer threw his backing to their startup hedge fund firm Senqu Capital Pty Ltd.

Bloomberg reported that Oppenheimer, through his family’s private equity firm Stockdale Street Ltd., plans to invest $7m into Crawford and Carew’s partnership. The Oppenheimer family is being credited for transforming De Beers into the largest diamond producer in the world and has also founded Anglo American Plc in 1917.

Paul Salomon, a partner at Stockdale told Bloomberg, "We’re backing some really good talent here in Stephen and Andrew and we like the hedge fund model because it can play through the economic cycles in a positive way for investors. We expect there to be a lot of capital coming into hedge funds because of the regulatory changes."

Crawford, chief executive officer at Senqu, said that he and the other managers of the firm would also invest their own money into their hedge fund. He said. "We both have backgrounds in equities and wanted to run our own fund. Regulation changes for hedge funds in South Africa were a catalyst for starting one."

......................

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. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year