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Weighing up the odds of investment risk

04 June 2018 | General

Investors often assume that any equity portfolio that deviates greatly from the index increases its underlying risk. This is a very simplistic view to take of investment risk. In reality, by deviating from a specific index, a portfolio manager takes a more active position and this increased risk creates an increased capacity to generate excess returns. The scale of the deviation from the benchmark index is called tracking error. Portfolio managers will need to decide on the level of risk they are willing to take in order to achieve returns.

Ashburton Mezzanine Fund I reaches R507.5m first close, targets R1bn

31 May 2018 | General

Ashburton Mezzanine Fund I has successfully reached the first close of its inaugural fund, raising R507.5 million from four investors.

Is rand weakness a foregone conclusion?

30 May 2018 | Economy

A broad review of recent market commentary shows that many local asset managers believe the rand is overvalued and have positioned their portfolios accordingly. However, not all fund managers consider this a foregone conclusion.