n Personal Finance Newsletter - SA hedge fund managers beat benchmark equities index : markets
|Article Title||SA hedge fund managers beat benchmark equities index : markets|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Mar 2016|
|Pages||7 - 8|
SOUTH AFRICAN hedge fund managers betting on equities posted returns more than three times higher than the nation's benchmark stock index in the year to the end of June 2015, according to an annual survey by Novare Investments. The so-called long / short equity funds, which bet that some stocks will rise and others will fall, returned an average of 14.7% in the year while the FTSE/JSE All Share Index gained3.7%, the survey showed.
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