In a survey of Africa’s investment attractiveness, 72.7% of those surveyed had improved optimism. Part of the reason for this is Africa’s economy is becoming more diversified, and weighted towards more consumer facing services.
There is steep competition for foreign direct investment as China has played a key role in development for the last 15 years. Johan Steyn, a portfolio manager at Prescient Africa Equity Fund, outlines China’s impact on the continent.
GrizzlyRock Value Partners was up 16.6% for the first quarter, compared to the S&P 500's 5.77% gain and the Russell 2000's 12.44% return. GrizzlyRock's long return was 22.3% gross, while its short return was -2.9% gross. Compared to the Russell 2000, the fund's long portfolio delivered alpha of 10.8%, while its short portfolio delivered alpha Read More