London-based alternatives manager Duet Group has purchased New Star's Heart of Africa fund and is la...
London-based alternatives manager Duet Group has purchased New Star's Heart of Africa fund and is launching Duet Africa Opportunities which will be closed to retail investors. While Duet has not confirmed how much it paid for the assets of the former Jamie Allsopp-managed fund, New Star announced last week it was selling the portfolio at about a 20% discount to the vehicle's last reported NAV. The new long-only vehicle will be managed by Ayo Salami, who is also the CIO of Duet Victoire Africa Index. "This fund presents investors with a unique opportunity to invest in sub-Saharan Afric...
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