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At his recent annual general meeting in Omaha, the billionaire chairman of Berkshire Hathaway Inc. Warren Buffett once again reiterated that investors need to question the fees that are charged by expensive money managers and consultants who consistently fail to better the returns of index funds.
Despite the recent turmoil in which many African countries find themselves, global investors showed strong interest in investing in Africa’s real economy, as evidenced by the increase in private equity fund raising in 2015. Total value of Africa PE funding, by year of final close*, was US$ 4.3billion.
“Is the country going to collapse and should we be taking all our money offshore?” “Given the rand has weakened so much, is it too late to take money offshore?” “How much money should we take offshore for investors?”
With the myriad of data available to investors when selecting which fund best suits their investment profile, it is difficult to know which data point to use. Rolling returns, however, give a clearer track record of how a fund has performed and potentially how it will perform in the future.
The strongest deterrent against FSP compliance missteps is or should be: