Fund launches & closures

Regional specialist Insparo rolls out dedicated Africa offering

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Insparo Asset Management, the specialist investment manager focused on the Middle East and Africa, has launched a new long/short African equity fund that will aim to capitalise on the huge growth potential of African businesses and the rise of the continent’s consumer culture.

The new fund becomes Insparo’s second offering, following the successful performance of the firm’s flagship Africa and Middle East Fund since its inception in mid-2008.

The Insparo Africa Equity Fund – launched at the start of February – will invest in market-leading companies across North Africa and sub-Saharan Africa, employing minimal leverage and aiming for