Compliance - Regulatory / Association for Savings & Investment SA (ASISA)

Hedge fund industry sees assets under management jump by an unprecedented 30% in 2022

The South African hedge fund industry grew its assets by an unprecedented 30% in 2022, ending the year with R113.01 billion under management. The industry’s assets under management stood at R86.93 billion at the end of 2021.

Ongoing market volatility sees CIS investors return to multi asset portfolios

Despite significant local and global market volatility spilling over into the third quarter of 2022, assets under management by local Collective Investment Schemes (CIS) moved back into the R3 trillion territory after dropping to R2.98 trillion in the second quarter of 2022.

Are your clients tripping up over this insurance gap?

South Africa’s life and disability insurance shortfall remains virtually unchanged from three years ago, with the 2022 Life and Disability Insurance Gap Study confirming a staggering ZAR34.3 trillion ‘gap’ measured across all earners. The study, released by the Association for Savings and Investments South Africa (ASISA), and researched by True South Actuaries and Consultants (True South), revealed that the average local income earner had a life insurance shortfall of at least ZAR1 million and a disability cover gap of around ZAR1.4 million at the end of December 2021.

South Africa’s life and disability insurance shortfall = R34.3 trillion