How open are African pension funds to offshore allocations?

As the global economy evolves, so do the strategies of institutional investors, including pension funds. With an aim to diversify their portfolios and optimise returns, many retirement funds across the continent are increasingly looking towards offshore investments. But I wanted to find out what exactly the trends are and what is driving this shift in mindset.In the studio today, we have Derrick Roper, Chief Investment Officer of the Novare Group, as well as the Managing Director of Novare Equity Partners, a private equity firm in-vesting exclusively in Sub-Saharan Africa and outside of South Africa.Before co-founding Novare, Derick worked for several large financial services companies in South Africa including Sanlam and Gensec Asset Management. He also spent some time in the UK where he gained experience in investment product development in the pension fund market.