The Nigerian Stock Exchange, on Wednesday, in collaboration with investment banking group- Chapel Hill Denham Limited, held a training session for capital market stakeholders on alternative investments.
The training session titled “Listed Real Assets: A Teach-In on Alternative Investments”
covered core concepts of alternative investments, as well as application techniques for valuation, trading, and investments in the asset class to help participants understand the use and benefits of alternative investments in their portfolio diversification strategies.
Philip Southwell, a leading expert in alternative investments, Partner in Chapel Hill Denham and co-founder of the Nigeria Infrastructure Debt Fund and Nigeria Real Estate Investment Trust in Nigeria, who facilitated the session and engaged participants, providing a working knowledge of alternative investments.
According to Jude Chiemeka, Divisional Head of Trading Business at the NSE, “the training is in line with the Nigerian Stock Exchange’s commitment to developing the non-traditional asset classes.
“This commitment informed the migration of the REITs and Closed-End Funds (CEFs) into a separate board in December 2018 as well as the establishment of the mutual fund platform in February 2019 to promote transparency, visibility, and liquidity for alternative investment vehicles,” he added.
For him, “the training will provide participants with the requisite knowledge of the appropriateness of the asset class in their overall asset allocation strategy and how to invest in them.”
Also addressing participants, Bolaji Balogun, the Chief Executive of Chapel Hill Denham, said “the markets have a critical role to play in Nigeria’s economic development. Investment portfolios in OECD countries and across emerging markets would typically have a 20 to 35% exposure to alternative investments. This area is historically where the Nigerian buy side and sell side participants have not focused prior attention and this is an opportunity to begin to engage with the brokerage community to increase their familiarity with alternative investments.”
Photo caption: Bolaji Balogun, Chief Executive Officer, Chapel Hill Denham; Oluwatoyin Alake, Head, Secondary Markets Department, The Nigerian Stock Exchange (NSE); Jude Chiemeka, Divisional Head, Trading Business, NSE and Phil Southwell, Partner Chapel Hill Denham during the training session at the NSE on Wednesday in Lagos.
