Most of the 38 local hedge funds participating in the Nedgroup Hedge Fund Review delivered positive returns in August and they gained, on average, 1.4% after fees for the month.
Lizelle Steyn, manager alternative investments at Nedgroup Investments, and compiler of the Review, says the FTSE/JSE All Share Index gained 5.4% during August, mainly supported by the effect of a weakening rand on rand-hedge stocks. â€œThe release of high producer price index inflation and higher than expected trade deficit figures caused the bond market to price in the risk of higher inflation, with the BESA All Bond Index ending the month flat,â€ she says.
The best performing hedge fund category for the month was the long/short category, delivering 2.3% on average. Within this category the BlueBay Mayflower Fund delivered the highest return for the month: 4.8%. However, this was not the highest return achieved during August; the Vega Centauri Fund Composite in the trading category returned 6.4% for the month. The funds in the trading, market neutral and fixed interest categories, on average, achieved returns of 1.3%, 0.7% and 0.7% respectively.
Cyber Monday originated in the US and is a marketing term used for the Monday after Thanksgiving. It was created by retailers to encourage people to shop online. The term was coined by Ellen ... Read More »
In October 2019 Needs-matched life insurance provider, BrightRock, announced enhancements to their temporary expenses cover. Read More
More recently Insurancegateway® Interviewed Schalk Malan to not only ... Read More »
As we enter the age of the fourth industrial revolution, a technological transformation driven by the internet, it seems almost unthinkable that the web would not be the preferred platform chosen by businesses ... Read More »
By Petri Greeff, Head of Investment Advisory at RisCura
Pension funds today should be investing for a horizon of 80 years or more. While it’s impossible to predict what the world will be like in 2100, ... Read More »