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

High net worth individuals key driver for small and new South African funds going forward

Wednesday, January 21, 2015

amb
Tony Christien
Benedicte Gravrand, Opalesque Geneva for New Managers:

Small and new fund managers are struggling to survive in South Africa just as much as they are in other parts of the world. But according to some of the participants at the latest Opalesque South Africa Roundtable, the high net worth market will be a key driver going forward for this segment of the market.

According to Pieter Viljoen, CIO at Edge Capital, it has become more onerous for new managers to set up business in South Africa, from an operational and an industry perspective. Indeed, over the past couple of years, he explained, most of the growth in the local industry has been asset growth and there has not been much of it, making it very difficult for new talent to raise any asset.

"A lot of the new funds that we have seen are either very small funds who want to get recognized as a hedge fund or as a fund prior to regulation, or players repositioning and restructuring their legal structure," said Genene Carse, Business Implementation Manager at IDS Fund Services, an administrator with broad capabilities across a wide product offering that spreads from collective investment schemes, securities, long-only, to private equity and hedge funds.

Tony Christien, Deputy CEO at IDS, added that Edge Capital was ......................

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