Momentum Global Investment Management (Momentum GIM) has launched a multi-manager investment fund, the Africa Fixed Income Fund, for institutional investors looking to benefit from opportunities arising from the economic and demographic fundamentals in Africa.
The new Fund will be managed by David Lashbrook, head of Africa Investment Strategies at Momentum GIM, supported by Zee de Gersigny, CFA (MD, Momentum Africa Investments), the team in South Africa and other managers.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund aims to take a multi-manager approach to benefit from local market specialists and actively manage risk. The fund attractsinstitutional investors in the US and Europe along with the current clientele in South Africa.
The fund with a target size of $300 million was seeded with $10 million from the Momentum Group.
David Lashbrook head of Africa Investment Strategies at Momentum GIM said: "Whilst still in their infancy and clearly not without risk, African fixed interest markets offer investors a compelling investment opportunity.
"Running the fund on a multi-manager basis enables us to benefit from local market specialists and actively manage risk.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"As an established investment manager in Africa, Momentum has a nuanced and subtle understanding of the complexities of the market and can leverage off existing skills and expertise to international investor," Lashbrook added.
Zee de Gersigny, managing director at Momentum Africa Investments said: "Our fund is going to be both in local and hard currency bonds, exploiting both of those opportunities."
