|
|
St. John Bungey By Beverly Chandler, Opalesque London:
Participants at the 2012 Opalesque South Africa Roundtable, sponsored by IDS and Eurex in Cape Town, heard of new local demand for commodity funds.
St. John Bungey, Chief Investment Officer of Blue Ink Investments reported that their firm had just launched a commodity fund of hedge funds, based on all the commodity
holdings they have had across their multi-strategy portfolios for the last three years. "The reason we launched it was in
response to increased demand for a differentiated, more aggressive product" he said.
"Unlike the rest of the world, the South African hedge fund industry jumped the stage of being seeded by individuals
and family offices and it went institutional within a year or 18 months of its birth. As a result, from early on, funds of
hedge funds were offering low volatility and very institutionally-focused multi-strategy products".
Now Bungey reports that there seems to be some reversion to the origins of hedge funds. "Private investors are re-emerging
and seeding strategies. They are not that interested in the cash plus mandates favored by
institutions. They want the possibility of a 40% one-year return and they don't mind losing 10% on
the path to achi...................... To view our full article Click here
|
|