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From Komfie Manalo, Opalesque Asia:
There are three potential areas that hedge fund managers in South Africa think can be "unlocked" to drive future inflows into South African hedge fund industry: interest from international investors, interest from high-net worth individuals, and support for a consistent regulatory framework. That was how Murray Todd of Edge Capital, an Oslo, Norway-based investment consultancy firm summarized the observations made by participants at the recent Opalesque South Africa Roundtable when asked on the future of the hedge fund industry in the region.
Todd explained, "So in a nutshell, there are three potential areas that may unlock flows. One, the international investors potentially - I think we have got a good relative track record especially in dollars versus international hedge funds. Two, from high net worth individuals, but we don't really have a large store of private wealth in SA, unlike Switzerland. Finally, regulatory consistency and an understanding of what is required to give comfort to regulatory bodies concerning hedge funds in South Africa."
It was James Gilfillan, Chief Investment Officer at Alpha Asset Management, a Cape Town, South Africa-based asset management firm with $800m in AuM, who opined that the future gr...................... To view our full article Click here
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