Fund management: Alpha10 sets penetration strategy for PH zone

Résumé détaillé

Fund management seems to be one of the most sensitive and difficult professional financial services ever. Investors want big profit, but they also want their fund safe. In…

Fund management seems to be one of the most sensitive and difficult professional financial services ever. Investors want big profit, but they also want their fund safe. In between, greed sets in, and gullibility takes over, and crashes happen and wailing takes over.

Port Harcourt zone seems the most hit in this recurring tragedy. Now, new well registered and structured fund management firms have started heading to Port Harcourt. The latest is Alpha10 Fund Management Ltd, which commissioned their south-south zonal headquarters in PH on Kaduna Street near Fruit Garden Market, almost opposite the new royal palace.

Abigail Utomi, the managing director of Alpha10, tried to explain how Alpha10 is different. “It is particularly significant that we are establishing our presence in a region renowned for its enterprise, resilience and economic contribution.” L-R: Raymond Ihezue (executive and head, global market), Abigail Utomi (CEO), Chibuzor Ekwekwuo (board chairman), and Yusuf Deji (PH zonal branch manager).

She outlined the funds that have been made available to Nigerians including the Alpha10 Money Market Fund, the Alpha10 Halal Fund and the Alpha10 Dollar Fund. “As part of our expansion strategy, we set out to establish a presence in four strategic locations, bringing our services closer to the businesses, investors and institutions we serve.”

She went on: “Our decision to establish a presence here is strategic. Port Harcourt remains one of Nigeria’s most commercially important centres, with a strong connection to the oil and gas industry, maritime trade and the wider Niger Delta economy.

She gave some tips, “In the fourth quarter of 2023 alone, the National Bureau of Statistics recorded over ₦797 billion in combined imports and exports through the Port Harcourt/Onne port operations.”

Speaking, Chibuzo Ekwekwuo, chairman of the Alpha1o board, agreed with the CEO, saying: “We are here because we believe that Port Harcourt and the wider Niger Delta represent a significant…

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