Insparo Africa and Middle East Fund: Insparo Asset Management

Insparo's Africa and Middle East Fund recently celebrated its first birthday. Joanne Harris finds out how the fund survived the upheavals of 2008 and is positioning itself for the future.

Deciding to launch your inaugural fund just as a global financial crisis takes a turn for the worst might be seen as a bad idea in retrospect.

Insparo Asset Management's Africa and Middle East Fund, launched in June 2008, has ridden out the crisis and emerged buoyant and successful.

The fund was established on the back of its managers' belief that Africa and the Middle East together form a vast, untapped and under-researched source of investment. Co-portfolio managers Mohammed Hanif and Francis

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