Single-manager Hedge Funds

Wed Feb 1, 2006


Searching for a competitive edge


As virtually everyone in the world of South African hedge funds agrees, the industry is poised for further dramatic growth. But, to ensure their fair share of the potential riches that may lie ahead, many single-manager hedge fund houses are building their businesses either by creating a different model or developing unique features.

Cadiz Specialised Asset Management of Cape Town is leveraging off the group's financial strength and specialised skills, like its sophisticated risk management systems, to develop new business areas such as its recently established prime brokerage arm. In addition to running one of South Africa's largest single-

manager vehicles with R459 million of assets, the Sapphire Fund, a long/short equity product which has generated returns of 66% since its inception in November 2002, Cadiz has just launched the Malachite Fund, one of South Africa's very few fixed-income funds. Later this year, it will be opening up the country's...

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