Before the global pandemic, a trend among investment managers toward outsourcing was already on the rise, driven by increasing investor and regulatory demands. Finding (and retaining) talent is a nearly unprecedented challenge, and even large firms are struggling to keep pace with the rapid advances in technology. In today’s fast-paced business environment, investment managers are constantly seeking ways to optimise their operations and focus on their core competencies. We’re all familiar with alternative funds outsourcing their fund accounting and administration, but this article focuses on the outsourcing of financial statements preparation to a third-party firm, that is not the fund administrator.
The Mauritius International Financial Centre (IFC) has emerged as a pivotal gateway for investment into Africa. As the continent's economic powerhouses continue to rise, with the African Development Bank projecting that Africa will account for eleven of the world’s twenty fastest-growing economies this year, Mauritius is strategically positioning itself to harness this growth, driving innovation and sophistication to the IFC through cutting-edge products including variable capital companies (VCC), virtual asset and initial token offering services (VAITOS), ESG and green bonds.
Bishop Godfrey Kariuki has been farming his family’s one-acre smallholding on the foothills of Mount Kenya all his life. It has been a struggle to earn enough to feed his wife and three daughters.
Globally, 69% of the top-performing funds have general partners who are women, and 65% of institutional investors consider gender diversity a key criterion when investing. Research by the International Finance Corporation found that gender-diverse fund management teams deliver an incremental 10-20% in net IRR returns compared to non-diverse teams. Women funders are also two times more likely to invest in start-ups with one woman founder, and three times more likely to invest in a woman CEO.
Data breaches are a chronic and growing menace for South African enterprises and consumers. Interconnected systems mean data breaches have become widespread threats, affecting millions. As businesses transition to digital platforms to improve efficiency and customer experience, Carey van Vlaanderen, CEO of ESET Southern Africa, says they inadvertently create more entry points for cybercriminals
Namibia, a nation renowned for its breath-taking scenery and abundant wildlife, is becoming more and more well-known for its booming oil and gas industry. Namibia is quickly rising to the top of Africa's oil and gas exploration and investment destinations because to notable discoveries and a favourable investment climate. Here are some reasons for investors to be interested in Namibia's developing economy and how business advice and strategic law might improve investment prospects.
History is dominated by the quest for energy and economic growth. The urge of civilizations to expand, increase their dominance and grow economically - all required energy to do so.
The pressing demand for digital adoption is driving an important shift in Africa's private equity market. In IQ-EQ’s latest state of digital adoption report, released in partnership with The Drawdown in May 2024, 30 c-suite professionals representing firms managing more than $1 billion in assets under management were surveyed.
Setting up a new investment fund can be a daunting and expensive endeavour, especially for emerging managers who are navigating the complexities of fund structuring for the first time. With myriad regulatory requirements, administrative tasks, and service provider coordination, the process often demands significant time and resources. However, by adopting strategic approaches and leveraging knowledgeable partners, it is possible to streamline fund setup, significantly reducing both costs and time. In this article, we explore practical tips and best practices for emerging managers to efficiently establish their funds, ensuring a smoother and more cost-effective launch.
Can fund accounting be made easier? Léa Aouston, Principal Consultant, Temenos Multifonds explores why a new approach is needed in this complex and important area
The global crisis has not spared investment funds and fund managers in Africa. In spite of new legal frameworks that have been adopted lately in many African countries, such as Rwanda, the WAEMU or Central African countries, it is fair to say that such frameworks currently see little use.
Broadly, it is common to state that private equity has not worked well in Africa. Private equity generated much hype in the noughties, a period of stagnation for global markets. Large buyout operations came looking for large ticket sizes in a market that was, simply put, not large enough to deliver the right portfolio or sophisticated enough to provide the right exits. A number of players made high-profile exits from the market, and the stain never washed out.
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