By Cornelius Zeeman & Gavin van der Berg, Fairtree Portfolio Manager & Equity Analyst Our previous article expanded on how tight housing inventory in the US is supporting prices despite a drastic change in the financing environment. As a result, US housing affordability has decreased to multi-decade lows. This is a prominent and rather obvious …
Market Insights | The US Housing Market: Underlying Demand Resilience Read More »
Former Cape Cobras all-rounder Sybrand Engelbrecht has been selected for the Netherlands National Cricket Team, and will be part of the squad for the upcoming ICC Men’s Cricket World Cup 2023. 34-year-old Engelbrecht, who relocated to the Netherlands with his family, played first-class cricket in South Africa for nine years – from 2007 to 2016 …
By Cornelius Zeeman & Gavin van der Berg, Fairtree Portfolio Manager & Equity Analyst Rising interest rates, lower affordability. Understanding the US residential real estate market provides valuable insight into the US consumer – the bedrock of the consumption-led US economy. One does not need to dig too deep into the history books to …
Market Insights | The US Housing Market: Supported by Tight Supply Read More »
By Cornelius Zeeman, Fairtree Portfolio Manager Volatility of the Rand exchange rate. The South African Rand is one of the most volatile currencies globally compared to advanced economies and emerging market peers. Only the Russian Rouble and Argentinian Peso have been more volatile in the last decade. South Africa’s rand is traded in large volumes …
Market Insights | Timing the Rand When Investing Offshore Read More »
By Cornelius Zeeman, Fairtree Portfolio Manager The S&P 500 has enjoyed a great decade of returns, compounding at 11.5% in US Dollar terms – this means the US Equities now makes out 69.4% of the MSCI World Index. It is, therefore, important to be comfortable with their valuation. For years, it has been a consensus …
Market Insights | Is the US Equity Premium Rating Justified? Read More »
The Wild Fig Multi Strategy SNN QI Hedge Fund is diversified across equities, fixed income and commodities and has had no negative years. Fairtree is extending its multistrategy Wild Fig hedge fund to a wider audience with the launch of a retail version of the fund on June 1, as well as a dollar version …
HedgeNews Africa | Fairtree extends Wild Fig access to retail and offshore investors Read More »
By Cornelius Zeeman, Fairtree Portfolio Manager The Chinese equity market exhibits subdued performance. The Chinese equity market has been range bound this year. In contrast, the US market has continued its recovery, which started in the last quarter of 2022 – bringing the US equity market outperformance in touching distance of 100% over the …
Market Insights | The Sleeping Dragon’s Slow Awakening Read More »
By Cornelius Zeeman, Fairtree Portfolio Manager Market reaction to US company earnings. As we delve into the current US reporting season, 423 of companies have already reported their earnings. Despite approximately 80% of these companies surpassing earnings estimates, the market has shown a muted response. On average, the earnings surprise, weighted by market capitalisation, …
Global growth has been slowing for the last few quarters. Contrary to our expectations of a sharper slowdown in the US and stronger recovery in China, economic data suggested that the US household consumption has remained resilient on the back of a strong and tight labour market and still large amounts of excess savings available …
One of the driving forces behind the recent successes of the Dutch men’s team is sponsor Fairtree, an investment manager that, although originating in South Africa, also has major interests in Europe and elsewhere. Fairtree is also closely associated with the Gary Kristen Cricket Academy in Cape Town. Several years ago Kobus Nel was introduced …
Kobus Nel: “It is an honour to be part of the growth journey of Dutch cricket” Read More »
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