Funds
Lendable, an emerging market fintech credit provider, is targeting a ground-breaking USD100 million closed-ended fund focused on emerging and frontier market fintech investments.
Launched in Nairobi in 2015 by Daniel Goldfarb and Dylan Fried, Lendable’s goal is to get 100 million people access to crucial financial services. This will unlock consistent access to food, clean water, electricity, shelter, education and income.
Today, there are approximately 1.7 billion without access to financial markets.
The Lendable MSME Fintech Credit Fund (the Fund) is designed to unlock access to financial services for over 150,000 Micro, Small and Medium Enterprises (MSME’s), providing investors with
ESG analysis is more difficult in private debt but can uncover aspects often overlooked in traditional analysis. Less liquid and transparent, they hold some challenges for investors pursuing environmental, social and governance goals.
With traditional equity and credit returns set for a squeeze, and ESG, Covid-19 and remote working upending the hedge fund industry from both an investment and operations perspective, managers face both considerable challenges and sizable opportunities up ahead, speakers at EisnerAmper’s 6th annual Alternative Investment Summit said this week.
Hedge funds’ performances remained in marginally positive territory throughout September, with year-to-date industry returns staying above 10 per cent heading into the final quarter of 2021, as managers grappled with sharp reversals in equities and fixed income amid heightened inflationary pressures.
Swedish asset manager Brummer & Partners’ flagship multi-strategy hedge fund vehicle edged into positive territory in September, as stock market highs earlier in the month rapidly reversed amid renewed volatility, and commodity prices surged higher.
The Brummer Multi-Strategy (BMS) vehicle – which comprises nine hedge fund strategies spanning equity, macro, trend-following and more – saw its SEK-denominated share class rise 0.5 per cent last month, and 0.4 per cent in its USD class. However, on a year-to-date basis the fund is still down 0.4 per cent following losses earlier in the year.
Meanwhile, the BMS 2xL twice-levered version was up