Riskowitz Capital Set to Launch Maiden Hedge Fund Focused on South Africa
Riskowitz Capital Management, the New York-based value investment management firm, is to launch its maiden hedge fund. The Riskowitz Value Fund is focused on listed South African equity securities.
A concentrated, best-ideas offering, the fund will have between 10 and 12 positions. Sean Riskowitz, who formed the firm in March, said he decided to roll-out the offering to give US investors exposure to South African equities.
“The South African economy is very similar in characteristics to the BRIC countries but it is generally overlooked by US investors,” he said. “People who engage in value strategies have done extremely well in the South African markets, which have strong economic tailwinds.”
Prior to forming the firm, Riskowitz ran Manhattan Financial, an investment manager in South Africa, which runs the same strategy as the Riskowitz Value Fund.
The fund has no management fee, a 5% hurdle and a performance fee of 25% of return above the hurdle. It has a $1000,000 investment minimum and a two-year lock-up. Deutsche Bank is the prime broker and custodian.
This article was originally posted on South Africa Business Communities