The TAF (Tos Alpha Fund)
TOSAF is an institutional-grade, actively managed equity fund dedicated to capturing high-conviction opportunities within the Nigerian securities market. Unlike traditional funds that focus on passive indexing or short-term momentum, TOSAF is built on the principle of “Strategic Alpha”—the generation of superior returns through deep fundamental research, structural market reform, and long-term capital commitment.
Our Philosophy: Investing in the Future, Not Just the Price
In many emerging markets, volatility is often mistaken for risk. At TOSAF, we view volatility as an opportunity for the disciplined investor. Our philosophy rejects the “hot money” approach that has historically characterised foreign investment in Africa. We believe that true value is discovered by identifying companies with strong moats, visionary leadership, and products that solve essential Nigerian problems.
We are “Long-Only” in our conviction but “Hedge-Minded” in our risk management. By combining Professor Okekunle’s decades of UK equity analysis with real-time local intelligence, we bridge the trust gap, ensuring that capital is preserved while growth is pursued.
Sector Targets: Catalysts for National Growth
Tier-1 Banking & Financial Systems
The Central Bank of Nigeria’s recapitalisation mandate presents a generational entry point. We target systemic banks that are expanding their footprint across the continent and digitising their retail operations to capture the unbanked population.
Renewable Energy & Infrastructure
We focus on decentralised energy solutions (Solar/Mini-grids) that bypass traditional grid failures. This sector provides stable, long-term cash flows tied to the essential industrialisation of the country.
Consumer Staples & Agribusiness
With a population exceeding 200 million, the domestic demand for processed goods is immense. We invest in vertically integrated firms that reduce import dependency and leverage local supply chains.
The TAF Safety Framework: UK Standards, African Realities
Investing in emerging markets requires a sophisticated risk-mitigation engine. TOSAF utilises a multi-layered approach to ensure investor safety:
Custodial Transparency
Assets are held with globally recognised custodians, ensuring a clear separation between fund management and asset holding.
Liquidity Management
We maintain strict liquidity thresholds to ensure that redemption requests can be met without disrupting the fund’s long-term strategic positions.
Currency Hedging Strategies
Utilising sophisticated financial instruments to mitigate Naira volatility for our international USD and GBP investors.
Partnering with TAF: The Path for Global Investors
TAF welcomes institutional investors, family offices, and high-net-worth individuals who share our vision for a prosperous Nigeria. Our onboarding process is designed to be seamless, compliant, and transparent:
Inquiry & Qualification
Initial consultation to align investment goals and confirm regulatory eligibility.
Due Diligence Access
Access to our data room, including full historical research and audit reports.
Subscription & Deployment
Structured capital call and deployment into high-conviction targets.