Strong disinflationary pressures will keep CPI lower for longer

At 4.8%, CPI inflation surprised the market yet again. Although a good headline number, the real story is in the detail. This is the first time since we have started forecasting inflation that every single item came in better than our expectations and I expect this was probably the case across the market. Food was […]

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Rezco Outperforms for the Second Year in a Row

For the second year in a row Rezco Value Trend Fund has won a prestigious Raging Bull Award, outperforming all its competitors in the flexible asset allocation sector over five years. Rezco’s strategy has enabled the fund to show a return of 19.6 percent a year over the five years to December 2009.  The Raging […]

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Government debt has risen to worrying levels, especially in the large mature economies

What a difference a year makes. The intense fear of a global banking system collapse and impending global depression, which prevailed at the end of 2008 and the start of 2009, has been dispelled and replaced by cautious optimism for a modest global economic recovery in 2010. In the early part of 2010, the global […]

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Nervous investors lose out as market timing fails

The South African collective investment schemes (CIS) industry grew its assets under management by a healthy R32-billion in the first three months of this year to R818-billion. With all double counting stripped out assets under management stood at R783-billion at the end of March this year. Only 10 years ago, the industry had assets under […]

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Hedge fund industry unites under ASISA umbrella

The South African hedge fund industry has put its faith in the Association for Savings and Investment South Africa (ASISA) to help it achieve its long-term goals, which include the regulation of hedge funds at product level. After having worked closely with the ASISA Hedge Fund Standing Committee during 2009, the Board of the South […]

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Actuaries a wanted resource post the global crisis

Actuaries have the best job, according to a recent ranking of 200 professions in the US. The findings by Les Krantz, author of “Jobs Rated Almanac”, were based on five criteria: environment, income, employment outlook, physical demands and stress. Reporting on the job ranking last month, The Wall Street Journal also noted that in addition […]

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ASISA announces full Board of Directors

The Association for Savings and Investment South Africa (ASISA) has appointed two additional directors to its Board with immediate effect. The appointment of Derrick Msibi, MD of Investment Solutions, and Herman Steyn, Executive Chairman of Prescient Investment Management, brings to 17 the number of ASISA Board members. Leon Campher, CEO of ASISA, says while 14 […]

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GDP confirms recovery on track

What is really exciting about the GDP number released earlier today is not only that at 4.6% quarter on quarter it was better than the market expected, but that the nature of the recovery is broad-based. We knew from the monthly manufacturing and mining numbers that the first quarter GDP number for these sectors would […]

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Blue Ink Wins Best Fund of Hedge Fund Award

The Blue Ink-ubator fund, managed by Blue Ink Investments, one of South Africa’s leading providers of fund of hedge fund investment products – was named the best Fund of Hedge Funds at the 2010 HedgeNews Africa awards held on Thursday February 18 at the Vineyard Hotel in Cape Town. The Blue Ink-ubator Diversified Fund is […]

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How to promote a savings culture in SA

South Africans have long saved too little and while there has been much debate as to why; one of South Africa leading asset managers has proposed five actions that they believe would be constructive in developing a savings culture. Derrick Msibi, Managing Director of Investment Solutions, a multi-manager that overseas 1900 retirement funds representing over […]

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