The Association was founded by seven private equity fund managers in East Africa, Abraaj, Actis, Africinvest, Catalyst Principle Partners, Centum, Fanisi Capital and TBL Mirror Fund
. The organisation has since grown to 65 members, half of whom are fund managers.
Cumulative performance of mirror fund
at (as at 31/05/2013)
In 2008, the TBL Mirror Fund
BV purchased, for an undisclosed amount, a stake in Meridien Medical Clinics.
Indeed, is it a mirror fund
, meaning that the investor may be paying fees essentially for an inactive, intermediary management?
Insurance company Axa (NYSE: AXA) and Barclays Wealth, a unit of Barclays Plc (LSE: BARC), have launched a mirror fund
Already, our sales team on the ground across Europe, Asia and in Dubai has confirmed strong demand for the flagship Global Boutiques Fund and it was therefore logical to include a mirror fund
in our offshore range.
Remember the pounds 20bn raid on pension funds which made Robert Maxwell's raid on the Daily Mirror fund
look like petty cash?
BL Mirror Fund
invests $1m in an equity stake in TKM Maestro, a telecom infrastructure solutions provider based in Kenya.
He said: "People on the ground are very supportive of the Mirror fund
If it is into a fund, ask whether it is a mirror fund
. Mirror funds
are not the same as the true underlying fund and therefore the fees and performance can be different from that of the true fund.
In 2007, TBL Mirror Fund
, a Dutch venture capital fund, acquired 15% of KenCall, which has also helped to ease the financial constraints.
THE Daily Mirror fund
to help five-year-old Stephanie Lush, who lost her legs to meningitis, was poised to top pounds 100,000 last night.