Business / Companies
Imara honoured at Africa Fund Manager Performance Awards
13 Oct 2011 at 09:43hrs | Views
Imara, the pan-Africa financial services group, has taken two of the top investment accolades in the first annual Africa Fund Manager Performance Awards.
Its Imara African Opportunities Fund won recognition as the year's best Africa equity fund with a fund size of more than USD50 million while the Imara African Resources Fund claimed honours as the top Africa Equity Fund with a fund value of less than USD50 million. The Imara Zimbabwe Fund was also nominated for the same award.
The awards were presented at a gala dinner on October 11 in Cape Town.
Imara Group CEO Mark Tunmer commented: "It is an honour to feature so prominently in this inaugural awards programme for Africa fund managers.
"We're delighted a well-established favourite like our African Opportunities Fund, with positions across numerous sub-Saharan jurisdictions, and a more focused specialist Resources Fund, a relative newcomer to our range, have done so well. We were also delighted that our popular Zimbabwe Fund made the short list for an award.
"Awards recognition has a wider significance for our continent and industry. By spotlighting superior investment returns out of Africa, awards such as this contribute to the global re-rating of sub-Saharan Africa as an investment destination.
"Strong performance by managers and markets will accelerate capital market development and help drive sustained progress by our continent."
Harare-based John Legat, head of Imara's asset management division, is manager of the Imara African Opportunities Fund while Bruce Williamson manages the Imara Africa Resources Fund.
John Legat noted: "We view awards recognition such as this as an endorsement of the Imara approach to equity investment in sub-Saharan markets. We have extensive on-the-ground representation across Africa and conduct in-depth research and face-to-face interviews to ensure portfolio construction is backed by thorough understanding of challenges and opportunities in all jurisdictions."
Its Imara African Opportunities Fund won recognition as the year's best Africa equity fund with a fund size of more than USD50 million while the Imara African Resources Fund claimed honours as the top Africa Equity Fund with a fund value of less than USD50 million. The Imara Zimbabwe Fund was also nominated for the same award.
The awards were presented at a gala dinner on October 11 in Cape Town.
Imara Group CEO Mark Tunmer commented: "It is an honour to feature so prominently in this inaugural awards programme for Africa fund managers.
"Awards recognition has a wider significance for our continent and industry. By spotlighting superior investment returns out of Africa, awards such as this contribute to the global re-rating of sub-Saharan Africa as an investment destination.
"Strong performance by managers and markets will accelerate capital market development and help drive sustained progress by our continent."
Harare-based John Legat, head of Imara's asset management division, is manager of the Imara African Opportunities Fund while Bruce Williamson manages the Imara Africa Resources Fund.
John Legat noted: "We view awards recognition such as this as an endorsement of the Imara approach to equity investment in sub-Saharan markets. We have extensive on-the-ground representation across Africa and conduct in-depth research and face-to-face interviews to ensure portfolio construction is backed by thorough understanding of challenges and opportunities in all jurisdictions."
Source - Clear Distinction Communications
