New Star Asset Management is going out to Africa for its new fund.
The Heart of Africa fund will invest in central African countries, with a particular focus on mining and resources. Managed by Jamie Allsopp, the fund will invest in Nigeria, Senegal, Ghana, Botswana, Zimbabwe, the Congo and the Democratic Republic of the Congo. Allsopp has experience in the region, with about 9% of his £67m New Star Hidden Value fund invested in the continent. The new fund, which be Dublin-domiciled, will be aimed at institutional and high net worth investors. "The New Star Heart of Africa fund will be a Specialist fund which will not be advertised or actively pr...
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