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Reuters
3 days ago
- Business
- Reuters
HEDGE FLOW Hedge fund investors want managers who trade macro, says SocGen survey
LONDON, May 30 (Reuters) - Hedge funds that trade on big macroeconomic market swings have become a top pick for investors, according to a Societe Generale ( opens new tab survey of 322 firms, against a backdrop of global markets roiled by tariff uncertainty and stop-start trade wars. Half of the respondents polled said they would consider putting their money into discretionary global macro hedge funds in the next 12 months, the SocGen survey conducted between November 2024 and May 15 showed. The private survey was sent to investors on Wednesday and was seen by Reuters on Friday. The number of respondents expressing interest in putting money into macro hedge funds rose by around 9% compared with the bank's last survey in autumn 2024, the report said. According to hedge fund research firm PivotalPath, global discretionary macro managers, not using systematic trading to come up with trade ideas, posted a return of around 7% on investment through April in 2025, compared with a flat performance by the wider universe of hedge funds. Investor interest in equity market-neutral funds also grew roughly 10% since SocGen's autumn survey, the report showed. These hedge funds trade a balance of stocks, trying to maintain a portfolio which neither positions them long nor short stock markets as a whole. A short bet expects an asset value to decline. While global macro hedge funds taking discretionary bets often top this survey, the investors queried by SocGen expressed their highest enthusiasm for the strategy in two years, the bank data showed. Crypto hedge funds garnered the least intent to invest from those surveyed, with just 6% of investors wishing to allocate to the strategy, the lowest proportion in two years. Interest in multi-strategy hedge funds ticked up, with roughly around a third of investors surveyed interested in systematic and fundamental multi-strategy funds, up 5% and 4% respectively since the same time last year. Multi-strategy hedge funds trade many different kinds of markets under one brand.
News24
6 days ago
- Business
- News24
SA can entice investors with new budget: Dean Macpherson
For more financial news, go to the News24 Business front page. South Africa can focus on rebuilding the economy and resuscitating investor interest now that the third iteration of the budget has the support of the nation's coalition government, the infrastructure minister said. 'With budget 3.0, there seems to be broad agreement, there seems to be less political noise,' Dean Macpherson said in an interview on the sidelines of an infrastructure summit in Cape Town on Monday. Two previous versions of the budget were scrapped because of disagreements between the ANC, the largest party in the coalition, and the DA, the second-biggest, over a planned value-added tax rate increase. The hike was scrapped in a third version that was proposed last week, and included spending curbs to make up for the revenue shortfall. 'What we want to see is an agreed growth path,' he said. 'I think that budget 3.0 is a good start on that. I think that you've seen the reactions of the market.' The so-called government of national unity (GNU) was formed nearly a year ago after the ANC failed to win an outright parliamentary majority for the first time since apartheid ended in 1994. The budget impasse threatened the stability of the 10-member coalition, which had agreed to prioritize economic growth, job creation, and safeguard the constitution. Macpherson, a DA member, concedes it also hurt investor sentiment. 'It's obvious that the GNU has been suffering a number of headwinds, and particularly instability,' he said. 'I think that people have been nervous about that.'
