Fleming seeds Investec Africa debt fund

Family office Fleming Family & Partners has provided seed capital for the launch of the Investec Africa Fixed Income Opportunities fund.

The Guernsey-domiciled fund, managed Antoon de Klerk and André Roux, will offer investors access to the continent's sovereign debt in hard and local currency formats. It will also have the ability to allocate up to 20% of the portfolio to local corporate debt should opportunities arise. "African fixed income markets are very diverse, and offer plenty of investment opportunities for active managers," said Fleming Family & Partners investment manager Daniel Axmer. De Klerk and Roux will be supported by Investec's emerging market fixed income desk, headed by Peter Eerdmans. "Africa...