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At M&G Investments, we are dedicated to increasing the numbers of talented individuals in South Africa’s financial services industry and cultivating and nurturing that talent.
The South African hedge fund industry attracted record net inflows of R6.24 billion in 2023 and grew its assets under management to R137.9 billion (excluding fund of funds). These assets are invested in 213 hedge funds, which are managed by 11 hedge fund management companies.
The local Collective Investment Schemes (CIS) industry ended 2023 with assets under management just shy of R3.5 trillion, a new record for the industry. This represents an 11.34% growth in assets from R3.141 trillion at the end of December 2022 to R3.498 trillion at the end of December 2023.
While there's good reason to believe this year will be better for South African investors than last year, one thing is certain – volatility will remain a constant with elections around the corner and escalating geopolitical events such as Yemeni attacks in the Red Sea and the war in Gaza.
How is your business leveraging the efficiencies and scale offered by technology without diluting your human edge?