Wed, Apr 1, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner