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Pragmatic hedge fund supervision – a near reality

23 April 2014 | General

Regulatory supervision of the R 45-odd billion South African hedge fund industry – which, depending on the strategy followed, returned approx. 4.7 % to 27 % to investors during 2013 – recently took a step closer to finalisation with the release by National Treasury and the Financial Services Board of draft regulations for public comment. These follow the issue of a proposed regulatory framework for hedge funds during September 2012 and subsequent comments received on the proposals from interested parties.

What now for EM equities? Why a reversal of fortunes signals opportunity

22 April 2014 | Equities

Emerging markets rallied during March – the first month of meaningful outperformance of developed markets since December 2012, with the MSCI Emerging Markets NDR Index up 3.1% compared with the MSCI ACWI NDR Index which rose just 0.4% during the month. This reflected rising local markets and a recovery in hitherto weak emerging market currencies.

SA investors urged not to chase market performance

22 April 2014 | General

Every year, legendary investor Warren Buffett's Annual Letter to Shareholders offers valuable 10x investment advice.

Facebook taking a Shotgun Approach to Capital Allocation, says RECM

22 April 2014 | General

With technology companies much in the news recently, RECM’s Paul Whitburn says valuing companies such as Facebook involves more questions than the asset manager is comfortable with. While Facebook’s share price continues to run, RECM prefers to invest in companies that have proven their ability to generate long-term sustainable cashflow, particularly when these shares are out of favour and are a cheap as a result.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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