Hedge Fund JV Launches $100M Africa, Mid-East Fund

Jul 31 2008 | 12:16pm ET

Fort Lauderdale, Fla.-based INTL Consilium has teamed up with Nigeria’s First City Monument Bank to launch a US$100 million hedge fund investing in Africa and the Middle East.

The Legacy Africa Alpha Fund will invest exclusively in Africa and Middle East debt and equity, capping its Middle Eastern exposure to 30% “to ensure significant exposure to Africa’s fastest growing economies.”

“Africa is the most exciting investor destination and is likely to remain so for the foreseeable future,” said FCMB CEO Ladi Balogun. “We are leveraging on INTL's experience and track record successfully managing funds for some of the most discerning international institutional investors. We bring access to rare investment opportunities, local knowledge and market insights. INTL and FCMB have had a relationship for over 15 years, which will be a further source of comfort for our investors.”


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of