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Building The Business

Building The Business

Abax in stride with third hedge fund

Cape Town-based Polaris Capital has changed its name to Abax Investments, in line with a ruling made by the South African high court that it should change the name as confusion might arise from similarity with that of an American firm.

Novare

Novare Investments has had a quiet year on the marketing front, but the Bellville-based fund of hedge funds has quietly developed its domestic product range in response to investor demand, strengthened its internal risk processes, and is now preparing for the launch of its new pan-Africa fund of funds in the first quarter of 2010.

Clade streamlines hedge fund offering

Index product provider Clade Investment Management has streamlined it hedge fund indices, offering investors access to the South African Investable Hedge Fund Index Fund (SAIHF), which now comprises eight underlying funds, four in the fixed income space and four in the market-neutral category.

Insparo targets wider audience

London-based Insparo Asset Management is stepping up marketing efforts with its Africa and Middle East fund, having successfully navigated its first year in turbulent market conditions while attracting some high-profile backing.