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June 28, 2006
South Africa's Hedge Fund Industry
According to reports, South Africa's hedge fund industry is booming. The assets under management have more than doubled in the last 18 months. It is expected to rise further as investment firms are taking positive interest in hedge funds. Generally, hedge funds produce stable returns regardless of the progress of the markets. It has attracted more companies and individuals although some still express concern over the volatility of the market. Many South African hedge fund companies were forced to become competitive when the South African currency strengthened.
Lizelle Steyn, manager of alternative investments at Nedgroup Investments, said she has not seen a marked increase in flows to funds covered in the Nedgroup Hedge Fund Review. However, there has been a growing interest from individuals in investing in hedge funds since about April.
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