Insparo Asset Management has announced plans to launch its inaugural Africa and Middle East hedge fund this month with an expected USD125m in assets, offering investors the opportunity to invest in the Frontier market regions of the world where GDP has almost tripled in US dollar terms since 2002.
Insparo's principals and the managers of the fund, Mohammed Hanif and Francis Beddington, say its multistrategy approach allows investors to benefit from all forms of opportunities, whether sovereign or corporate.
The Insparo Africa and Middle East Fund (the Frontier market countries), which is denominated in various currencies, aims to deliver returns exceeding 15 per cent per annum, while broadly avoiding leverage. It has a management fee of 2 per cent and a performance fee of 20 per cent.
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