The South African hedge fund industry is expected to experience growth spurt now that investors have access to regulated products, Robert Foster, Convenor of the ASISA Hedge Funds Standing Committee, has said.
MMI Holdings Limited (MMI), a South African based financial services group, has reported a 14% increase in new business flows for the six months to December 31, 2015.
Barclays has announced its intention to sell down its 62.3% interest in Barclays Africa Group over the coming two to three years, after posting an annual loss of £394m ($550m).
The RenAsset Africa ex S.A. Fund has been sold to Drakens Capital, while the Renaissance Sub-Saharan Fund has been closed, according to Sven Richter, Fund Manager at Drakens Capital.
Renaissance Capital, an investment bank focused on emerging markets, favors Morocco from an equity strategy perspective, particularly against more challenged markets elsewhere in Africa for Africa funds.
The increasing risk aversion of many frontier market investors has left many African stocks trading at valuations not seen for years, Peter C. Thoms, Founder and Portfolio Manager of Africa Capital Group LLC, has said.
The recent oil-price shock, currency risk, and legacy portfolio issues are the key threats for emerging EMEA banking sectors in 2016, according to Standard & Poor's Credit Analyst Natalia Yalovskaya.
Based on the latest oil price performance, the year ahead should prove to be quite challenging for Angola, according to the latest research by Eaglestone Advisory.
Botswana remains the continent’s least corrupt country, improving its ranking by three positions to reach 28th place, according to the 2015 Corruption Perceptions Index (CPI) by Transparency International.
Africa is probably the most exciting story of the future when talking about frontier markets, Carlos Hardenberg, Senior Vice President, Director of Frontier Markets Strategies, Templeton Emerging Markets Group, has said.
South African government bonds denominated in US dollars currently yield 2.8% more than US Treasury bonds to compensate investors for well-known South Africa specific risks, according to Mark Dunley-Owen of Allan Gray.
The year began with the continued depreciation of the naira against the dollar and uncertainty around the direction of economic policies, which fueled an already prevalent bearish sentiment in the Nigerian capital market.
Duet Group, a $5.6bn alternative asset manager, has announced the Duet EM Frontier Fund and the Duet MENA Horizon Fund performance for 2015.
The Founder of the South African asset management company, Allan WB Gray, has established a new foundation to hold the family’s controlling interests in the Allan Gray and Orbis groups.
