Moneyweb – South Africa\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s hedge fund industry is mushrooming, with assets under management more than doubling in the last 18 months to about R16,8bn.<\/p>\n
That number is expected to jump to R20bn by the end of the year and R30bn by December 2007, according to Kevin Shames, a director of Alpha Asset Management.<\/p>\n
With recent stock market dips, you might expect hedge fund managers to be raking in the money even more.<\/p>\n
The theory is that hedge funds, generally, should produce stable returns regardless of where markets are heading so presumably they would seem particularly attractive right now. But that hasn\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t beenthe case.<\/p>\n
Jarred Glansbeek, CEO of asset\/liability consultants\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 Riscura Solutions, said volatility in the last two months has left many investors feeling nervous.<\/p>\n