South Africa’s hedge fund industry experienced significant growth in the past year, reaching R216 billion in assets. This represents a 17% increase from the R185 billion reported at the end of 2023, according to data released by Asisa. The growth is attributed to increased investment from retail investors, driving record gains within the sector. Currently, 219 hedge funds are managed by 13 management companies operating within the country’s hedge fund schemes. The statistics highlight a growing trend of individual investors participating in previously institutional-dominated investment vehicles. This expansion indicates increasing confidence in the South African hedge fund market and its potential for returns. Asisa’s report provides a snapshot of the industry’s health and its evolving investor base.