Who is a Hedge fund Manager?
A hedge fund manager is a firm or an individual who manages, makes investment decisions, and oversees the operations of a hedge fund. Managing a hedge fund can be an attractive career option because of its potential to be extremely lucrative.
To be successful, a hedge fund manager must consider how to have a competitive advantage, a clearly defined investment strategy, adequate capitalization, a marketing and sales plan, and a risk management strategy.
Top Hedge Fund Managers In South Africa
South Africa’s 10 largest asset managers control funds with a value of R4.46 trillion. Nearly R1 trillion of that is invested outside of the country.
Alex Forbes only surveys private asset managers, so the country’s largest asset manager, the Public Investment Corporation (PIC), is not included.
The PIC has over R2.3 trillion in assets, making it three times as large as the largest private asset manager, Ninety One.
Alex Forbes also only considers the value of funds accessible to South African clients, which disadvantages asset managers such as Ninety One, which has products only available to its clientele outside the country.
It did not prevent Ninety-One from maintaining its top spot as the largest asset manager in South Africa. Stanlib Asset Management ranked second, followed by SIM.
The winners over the last year include SIM, Sanlam Multi Managers, Momentum MoM, Fairtree, Aluwani, and Ashburton.
The losers were Coronation, Taquanta, Momentum Asset Management, and Absa Asset Management.
The table below provides an overview of the top asset managers in the country in 2022.
Are there any hedge funds in South Africa?
Hedge funds in South Africa are classified according to their investment strategies. The most popular hedge fund strategy is Long Short Equity.
At the end of 2022, 59.2% of retail money was invested in Long Short Equity Hedge Funds and 45% of qualified investor money.
Who is the largest asset management SA?
Ninety-One
Ninety-One retained its position as SA’s biggest asset management firm for the second time. The asset management giant ascended to the top of those rankings in 2021, kicking Old Mutual Investment Group out.
The 2022 rankings didn’t deliver surprises, but recent empowerment deals will upset the status quo in 2023.