Frontier spirit helps to drive Insparo's growth

Thu Jan 21, 2010

Long experience of the emerging markets in Africa and the Middle East has enabled the firm's founders to build a strong base through a torrid couple of years

Last year was an active one for London-based emerging markets specialist Insparo Asset Management, which added several top names to its team while continuing to build a strong track record with its $163 million Insparo Africa and Middle East Fund.

Mohammed Hanif

The progress is in keeping with Insparo's strong pedigree - the fund was seeded with $125 million by high-level investors that include IPGL Limited, the private holding company in which well-known British financier and ICAP CEO Michael Spencer together with his wife and family trusts are majority shareholders, as well as clients of a US investment and financial consulting firm. The firm took a further $10 million in strategic investment early in 2009 from South African software entrepreneur Mark Shuttleworth.



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