SA hedge funds see an uncertain 2024 as an opportunity

Market players are tipping the hedge fund industry to continue doing well this year, led by an array of macro strategies. Investors in the sector are protected by a well-regulated framework. According to the AlexForbes Fund of hedge funds manager watch survey, Alexforbes’ Moderate QI hedge fund of funds returned 11.4% for clients over the 12 months to 30 November 2023. This places it at the top of the fund of hedge funds (FOHF) survey. The worst performer was the optimistically named Edge RCIS Dynamic Equity Alpha fund, which returned 3.8%. The survey said the average FOHF achieved an 8.1% return after fees, compared with 4.7% for the JSE All Share index and 5.9% for CPI. BY RUAN JOOSTE Read more - https://citywire.com/za/news/sa-hedge-funds-see-an-uncertain-2024-as-an-opportunity/a2433629