Happy hunting ground

South Africa's hedge fund industry has grown markedly in the last two years with more than 120 individual funds currently in existence. Victor Anderson speaks with Kevin Shames of Cape Town-based Alpha Asset Management, about the country's appeal to investors, his firm's due-diligence process, and the part technology plays in evaluating individual hedge funds and their managers

Tell me a bit about Alpha Asset Management.

The firm was started in '97 as a 'me too' wealth management business. Th