Renaissance soft-closes Sub-Saharan Fund

ZebrasRenaissance Asset Managers has soft-closed its Sub-Saharan Fund at $150 million (€113 million) to preserve liquidity and protect existing investors. Adrian Harris, head of distribution and investor relations, says managing daily liquidity is “still fairly challenging”. With the fund being soft-closed, Renaissance Asset Managers will stop promoting the fund, although it will be kept open for existing investors. Harris says it will be closed to all investors once assets under management reach $200 million. “We believe that tightly-managed capacity allows our institutional investors to access the best investment opportunities without sacrificing liquidity,” he adds. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.