WEALTH WATCH
STEPHEN CRANSTON: No longer the market bogeyman
I expect that 2017 will be remembered as the year that hedge funds finally became a mainstream retail investment. Financial advisers should all be going on training courses to familiarise themselves with the product — there is no excuse for leaving it out of a product mix. More brokers should get familiar with leading hedge fund managers such as 36One, Visio, Fairtree and Laurium, which have migrated successfully into offering long-only equity and multi-asset funds. Let’s be generous and overlook a few stinkers in their 2016 numbers; in the longer term, these are solid houses. I was interested to see the case for hedge funds put forward by Eugene Visagie. As well as being head of Novare’s hedge fund business he is also head of the industry steering committee. He likes to see himself as the hedge fund mythbuster, though perhaps without the same propensity for loud noise and chaos as those from Discovery.South African hedge funds, Visagie argues, are not high-risk. In fact, they are q...
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