Decillion launches first South African fixed-income arbitrage fund

Decillion, a South African financial services company, today launched the first fixed-income arbitrage hedge fund in the country. The fund, called Granite Fixed Income, will pursue arbitrage strategies on corporate credit, relative value strategies on the structure of the swaps yield curve, and some multi-strategies on bonds, swaps and forward rate agreements.

The Granite fund will initially begin with R70 million ($3 million) seed capital, but could grow to between R400 million and R500 million, according to Uys Meyer, head of Decillion’s fund management group.

Mark Le Roux, previously a fund manager at South African financial services company Old Mutual, will manage the fund.

Decillion also launched a long/short equity fund today, to add to its two existing long/short funds in South Africa and the UK. Meyer said the new equity fund will focus on the local South African market.

The fund is aimed at both institutional and private clients.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here