Sat, May 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds focusing on fixed income in South Africa averaged 13% p.a. over last couple of years

Monday, December 10, 2012

From Precy Dumlao, Opalesque Asia:

2008 was brutal for the global financial world. All the markets were down and the hedge fund industry took a big hit as well. But South Africa shielded the local hedge funds industry from the global financial onslaught and still returned double-digit profits, claimed Carla De Waal, head of funds of hedge funds at Novare Investments at the recent Opalesque South Africa Roundtable.

The Opalesque South Africa Roundtable was sponsored by the derivatives exchange Eurex and IDS Fund Services, and it took place on November 7th, 2012 in Novare’s offices in Cape Town.

De Waal said, "In 2008, our hedge funds held up very well in terms of the global meltdown. Our local market was down 23% that year but some of the market neutral strategies were up 8% or more in Rand terms. Long/short and more directional types of strategies took a bit of a knock that year (on average down between 5% and 10%). After that, the local equity market enjoyed quite a strong run, despite some intermittent drawdown periods (most notably the 8.5% drawdown May 2011 – September 2011 – over this period local hedge funds were positive on average). But even throughout that whole period, hedge funds overall domestic......................

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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven