Foreign investors may have hitherto been slow in spotting
the opportunities to be gained by investing in South African
hedge funds, but there are growing signs of a new awareness
emerging among international institutions. An increasing number
of local hedge fund managers acknowledge they are receiving new
allocations from overseas players.
According to Robert Oellermann of Tantalum Capital, which
launched its operations in mid-2005, Tantalum's first investor
was a London-based fund of hedge funds. And, as Dr. Michael
Robertson, head of research at Edge Capital, points out: "We're
starting to see inflows of money from Swiss banks. It doesn't
represent a large percentage of our business, but we are
definitely coming on to the radar screens of European private
banks. In fact, we even have Asian clients who are investing
here for the first time."
Global investors, particularly those who specialise in the
emerging markets, are clearly impressed with South...