Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South African hedge funds face regulatory change as their industry grows

Tuesday, October 02, 2012

Beverly Chandler, Opalesque London: South African fund group Novare has published its latest Hedge Fund Survey examining the growth of the hedge fund industry across the country to June 2012. Their findings include an observation that the industry underwent some 'material changes in a tumultuous year’ when regulatory change was the backdrop to some interesting and varied investment returns.

According to Novare, assets in hedge funds in South Africa reached R33.6bn ($4bn), an increase of 6.9% over the years, with the bigger managers getting bigger, resulting in 46.2% of industry assets sitting with managers with assets over R2bn ($0.24bn). The increase in assets was dominated by returns rather than new capital inflows.

While the majority of assets are with funds that have a track record of over five years, 14 new funds were launched between 1 July 2011 and June 2012 with equity long/short dominating the strategies available. Of the new funds, 10 were launched by companies that already manage hedge funds.

When asked where they thought new assets might come from, South African hedge funds in the main, at 53.8%, believed that it would be from pension funds through funds of funds.

In terms of performance, larger hedge funds in South Africa achieved better returns with funds with over R1bn ($0.1bn) achieving returns of 16.1%.

Novare concludes that the fledgling hedge fund industry in South Africa is......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Opalesque Exclusive: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  3. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  4. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  5. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

 

banner