Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1