Insparo Asset Management is celebrating the two year anniversary of its Africa and Middle East fund. It says the success of the fund has shown the potential of investing in the region, and predicts that the next few years will provide even more growth. The Insparo Africa & Middle East Fund makes investments across the Mena and Sub-Saharan Africa regions in various sectors. The fund has returned over 30 per cent since the start of July 2009, and has significantly outperformed the MSCI Frontier Markets Index over the same period. The firm’s second year has seen it build on the success of its first. As well as the strong performance of its fund, which has grown to AUM of USD175m, Insparo doubled its headcount during the last year with its investment, operational, financial and marketing capabilities all being strengthened with key hires.