South Africa Hedge Fund Managers Reveal How to Play the "Africa Story," Global Financial Industry Found at Inflexion Point
Summary
This new, free Opalesque Roundtable script can be downloaded here: http://www.opalesque.com/index.php?act=static&action=RoundtableSouthAfrica South Africas equity and fixed income markets displayed exemplary robustness during 2008 Many global allocators may not be aware that the South African financial market infrastructure matches or exceeds its "first world" counterparts in many respects.Offshore investors can benefit from efficient and proven ways to get pure South African alpha without taking currency risk.### Cape Town, South Africa, December 10, 2008 --( PR.com )-- The Opalesque South Africa Roundtable discusses the range and consequences of this inflexion point, from a fund manager as well from an investor point of view.The Roundtable was sponsored by IDS Group and took place November 10th 2008 in their Cape Town Office.For example, did you know that:- South African single strategy hedge funds offer transparency "far superior to anything anywhere else", according to investors?- South African hedge funds suffered their first - and only until that point - net redemptions in October 2008, but only 2.5% of total assets?- South Africa is the first country in the world that actually distinguishes between normal fund managers and hedge fund managers, with higher criteria required for hedge fund managers?- Who is buying seats on African exchanges to get the benefit of local presence?- Opportunities in currencies - did you know Nigeria has higher reserves than South Africa?- Which new strategies are emerging in South Africa and pan-Africa?- That the majority of the 53 African countries are driven by infrastructure spending and domestic demand, so not by commodities?- Long-short managers, although constraint by offering monthly liquidity, still see "wonderful" opportunities in the liquid space- Will there be an "united exchange of Africa"?The Opalesque South Africa Roundtable can be downloaded here:http://www.opalesque.com/index.php?act=static&action=RoundtableSouthAfricaAll other previously published Opalesque Roundtable Scripts can be accessed here:http://www.opalesque.com/index.php?act=archiveRTAbout Opalesque:Matthias Knab, Director of Opalesque Ltd, moderates the Opalesque Roundtables.Matthias Knab is an internationally recognized expert on hedge funds and alternatives.In 2003, with the publication of its daily Alternative Market Briefing, Opalesque successfully launched an information revolution in the hedge fund media space: "Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service.