Mon, Apr 24, 2017
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: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f