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As the US Federal Reserve Chairman, Ben Bernanke, hinted in June at an end to the policy of quantitative easing (QE) in the world’s largest economy, global markets suffered an attack of the jitters and emerging economies – among them South Africa and the other BRICS nations – have been particularly hard hit.
On 1 March 2013, Absa Participation Bonds communicated their decision to terminate their scheme. Investors who have money in the scheme will have their participatory interests in the fund repurchased by the bank, reports John Field, Chairman of the Association of Participation Mortgage Scheme Managers in South Africa and CEO of FedGroup.
(six months to end June 2013)
The top three reasons for investing in hedge funds are typically diversification, composite portfolio strategy enhancement and decreased volatility. However, these all proved challenging for global hedge funds when the financial crisis hit.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?