Individual assignment 1

An American private equity fund with interest in Southern Africa has engaged you as a lead fund manager for the region. The fund is aiming at rapid growth and its investment horizon is 15 years after which it will divest. You are required to craft an investment policy statement for this Fund clearly outlining its Philosophy, objectives, risk tolerance guidelines, Asset allocations within & across countries, benchmarks, and Degrees of freedom of the fund manager. Give a brief review of the past 4-year performance of the identified strategic assets as justification of their inclusion in your fund (25 marks).