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Benedicte Gravrand, Opalesque London:
Malungelo Zilimbola, founder of Mazi Capital, a local fund management company, commented at the recent Opalesque Roundtable in Cape Town, South Africa (here) on the tendency in the country to blur the lines between traditional asset managers and hedge fund managers: "A lot of traditional managers moved and are moving into the hedge fund space, and also hedge fund managers start offering long-only products, as is our firm for example."
Indeed, we hear a lot at the moment about hedge funds, globally, that are making their strategies available to small investors as mutual funds.
24 hedge fund-like mutual funds have been launched in 18 months, apparently. Michael Markov, head of Markov Processes International (US), a pioneer of returns-based style analysis, predicted earlier this month that while mutual fund were increasingly using hedge fund strategies for better returns, hedge funds may strike back by running traditional products and attracting money that normally goes to traditional products. And Gemini Fund Services, a provider of pooled investment so...................... To view our full article Click here
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