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Altree Capital, the Pan-African asset management house, received top honors at the Inaugural Africa Fund Manager Performance Awards as its Africa Opportunities Fund was named Africa ex-South Africa Fund of the Year. The award was presented at a gala reception on 11 October in Cape Town, South Africa.
Africa FM Editor-in-Chief Antony Ireland remarked, “Altree Capital has clearly distinguished itself as the best performing fund in Africa ex-South Africa as it more than doubled the return of the next best competitor. Under the stewardship of highly experienced manager Jenni Chamberlain, the fund generated a very impressive +31.01% return and 1.48 Sharpe Ratio over the 12-month period through 30 June.”
Jenni Chamberlain of Altree Capital responded, “We are honored to have been selected from amongst such talented African fund managers. This year’s outstanding performance may be attributed to the strength of our investment team as there is no substitution for hands-on experience and local market expertise.”
“We would like to thank Africa FM and Pageant Media for fostering awareness of Africa as a credible investment destination for institutional investors across the globe.”
Todd Moss, Senior Fellow at the Center for Global Development (CGD) and member of the Altree Capital Advisory Board commented, “The award is testament to management’s long experience in the region and the team’s disciplined bottom-up approach. For those looking to add African market exposure, the Africa Opportunities Fund speaks for itself.”
Altree Capital is a wholly owned subsidiary of Altree Financial, the financial services group with offices throughout Africa, Asia, Europe and the Americas.