Renaissance to soft-close Sub-Saharan fund at $150m

Anna Fedorova
clock

Renaissance Asset Managers (RAM) plans to soft-close its Sub-Saharan fund as significant inflows over the past year have taken it close to capacity.

Assets under management now stand at $120m and the fund will be soft-closed at $150m, the group said. The fund, which was launched in October 2010, has doubled in size since the end of July last year. It invests in quality companies in countries such as Kenya, Nigeria and Zimbabwe, aiming to deliver an average 15% return year on year through a diversified portfolio of 60-70 stocks. The fund returned 40.2% over the year to 30 January, against an Equity – Emerging Markets sector average of 8.3%, according to FE. Fund manager Sven Richter (pictured), head of Africa & Frontier Marke...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot