Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Kolo Touré teams up with Silk for Africa footballers fund launch

Kolo Touré teams up with Silk for Africa footballers fund launch

Silk Invest has collaborated with footballer Kole Touré for the launch of an African footballers fund.

Liverpool star Toure - who is scheduled to turn out for the Ivory Coast at the World Cup - has worked closely with Silk to create the African Opportunities for Footballers fund, designed to provide African footballers a wealth management solution.

The Luxembourg-domiciled fund will primarily invest in African markets, with investment decisions spearheaded by Silk chief executive and chief investment officer Zin Bekkali and head of investment solutions Malick Badjie. The investment team includes 11 different African nationalities spread across the region.

The rise in African football stars and their desire to give something back to the continent is the major motive behind the fund launch.

'My personal ambition has always been to contribute to the African continent in a positive manner. At the same time, it is important have sufficient assets to secure my future financial well being,' Touré (pictured) said in a statement.   

'I am very excited about this new fund and believe that we have achieved a major milestone. The new fund helps Africa’s top football players like me to meet their financial needs and support Africa’s capital markets'.

Bekkali added: 'Africa is at the heart of investment thesis and we believe that African footballers have a big role to play in further developing the continent.

'At the same time, we are very honoured that we can play a role in helping these African professional to better meet their future financial needs.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: UBS' robo boss on what his tween can teach the industry

Profile: UBS' robo boss on what his tween can teach the industry

Co-head of UBS SmartWealth Shane Williams explains the simple life lessons missed by the first wave of robo pioneers

Wealth Manager on Twitter