Norrenberger Turbo Fund oversubscribed by 156% in one month

Norrenberger, an integrated investment management group, has announced that its recently launched ‘Norrenberger Turbo Fund’ (NTF), which commenced on the 1st of November, was oversubscribed by 156 percent as at the end of 30 November.

Speaking on the subscription to the fund in Abuja, Tony Edeh, the group managing director Norrenberger stated that amidst the speculations and challenges in its operating environment, investors have come onboard the NTF, which demonstrates belief in Norrenberger’s products.

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He said that exceeding the set target for the Fund subscription is a testament to the trust and confidence investors have in Norrenberger. We remain committed to continuing to deliver exceptional results and return on investments for our valued investors.

“The Norrenberger Turbo Fund is an open-ended collective investment scheme registered by the Securities and Exchange Commission (SEC) specifically created to meet the investment and financial growth needs of Nigerians.

“The Fund objective is income generation while maintaining liquidity, diversification, and competitive return by investing in a basket of short-, medium- and long-term fixed income instruments. NTF comes at a good market cycle when interest rates on fixed income instruments are near historic highs and presents a unique opportunity for investors to lock in these high yields for longer.”

“The overwhelming support from our investors and stakeholders demonstrates the strength of our products offering and also a commentary on the talented team that midwifed the process,” said.

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Pabina Yinkere, the business head, Asset Management, Norrenberger said, “Our systematic approach to sourcing compelling investment opportunities, paired with the methodical application of our value creation strategy, has delivered attractive returns for our investors. With the Norrenberger Turbo Fund, we look forward to continuing to partner with both institutional and individual investors to achieve their financial dreams.

“Norrenberger offers a comprehensive range of services, including asset management, private equity, development finance, investment banking, securities trading, pensions, insurance, fintech and digital banking,” Yinkere said.